Loan Census Banking News and Information
December 23, 2024  
 
 
  Business Loan Information  
 

Cincinnati, Ohio Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Financing for Store Retailers

Looking for commercial loans for store retailers? Try the SBA. This $27,250 store retailers loan was issued by an Ohio bank.

Getting a small business loan in Cincinnati, Ohio was important for this small business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Lcnb National Bank, operating out of Cincinnati, Ohio. Here are the details on this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: STORE RETAILERS
CINCINNATI, OH 45247

SBA Loan Lender

LCNB NATIONAL BANK
3209 W GALBRAITH RD
CINCINNATI, OH 45239

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453998 - Store Retailers

Loan Approval Date

10/28/2004

Loan Approval Gross Amount

$27,250

Loan Approval from the SBA

Of the total $27,250 loan amount, the SBA guaranteed $23,162.

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 2 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $27,250 loan. Remember, feel the fear, and do it anyway.

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:

Attracting Investors

SBA Participating Banks in Cincinnati, Ohio

SBA Lenders in Ohio