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December 20, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Auburn Hills, Business Loans > Comerica Bank Auburn Hills Business Loans > Eating Places Loan | ||||
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Business Loans for Cincinnati Small Businesses
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Loans for Limited-Service RestaurantsWith these loans for limited-service restaurants, the SBA guarantees the lender that the loan will be repaid. This limited-service restaurants loan for $659,250 was given to an Ohio entrepreneur in 2001. Getting a small business loan in Cincinnati, Ohio was important for this growing firm back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Comerica Bank, operating out of Auburn Hills, Michigan. Here are the details on this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender COMERICA BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 8/6/2001 Loan Approval Gross Amount $659,250 Loan Approval from the SBA Of the total $659,250 loan amount, the SBA guaranteed $494,438. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. We can help you find the best banks for small businesses in Cincinnati or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Accountant's Role in Securing Financing Small Business Banks in Auburn Hills, Michigan
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