Rooming and Boarding Houses Small Business Loans

Looking for small business loans for rooming and boarding houses? The SBA may be the answer. This $1,000,000 rooming and boarding houses loan was issued by an Ohio bank.

This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with North Side Bank & Trust Co., out of Cincinnati, Ohio. The loan was granted and they received $1,000,000 to help grow their Cincinnati, Ohio business.

SBA Loan Borrower

COMPANY TYPE: ROOMING AND BOARDING HOUSES
CINCINNATI, OH 45226

SBA Loan Lender

NORTH SIDE BANK & TRUST CO.
4125 HAMILTON AVE
CINCINNATI, OH 45223

This lender issued this debt financing under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721310 - Rooming and Boarding Houses

Loan Approval Date

6/14/2007

Loan Approval Gross Amount

$1,000,000

Loan Approval from the SBA

Of the total $1,000,000 loan amount, the SBA guaranteed $750,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Alternative Financing

Where to Get an SBA Loan in Cincinnati, Ohio

Getting an SBA Loan in Ohio