Financing for Mortgage and Nonmortgage Loan Brokers
Looking for loans for mortgage and nonmortgage loan brokers? Talk to a banker who works with the SBA. This $50,000 mortgage and nonmortgage loan brokers loan was issued by a Washington bank.
This company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Keybank National Association, out of Seattle, Washington. The loan was granted and they received $50,000 to help grow their Cincinnati, Ohio business.
SBA Loan Borrower
COMPANY TYPE: LOAN BROKERS
CINCINNATI, OH 45248
SBA Loan Lender
KEYBANK NATIONAL ASSOCIATION
1900 1ST AVE SOUTH
SEATTLE, WA 98134
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
6163 - Loan Brokers
NAICS Code
522310 - Mortgage and Nonmortgage Loan Brokers
Loan Approval Date
12/4/2000
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $40,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 6 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Keybank National Association and they will explain how you can get an SBA loan for your company.
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:
Obtaining Funding - Friends and Family
Small Bank Loans in Seattle, Washington
Washington SBA Banks