Franklin S & L Co SBA Loan to Telephone Communications Company

Want an Ohio small business loan? Here's one Ohio business loan that was approved by the SBA.

This local small business knew how to go about getting a business bank loan. Based in Cincinnati, Ohio, they applied for and were given an SBA-guaranteed loan in 2003. The lending bank was Franklin S & L Co, based in Cincinnati, Ohio.

SBA Loan Borrower

COMPANY TYPE: TELEPHONE COMMUNICATIONS
CINCINNATI, OH 45249

SBA Loan Lender

FRANKLIN S & L CO
4750 ASHWOOD DR
CINCINNATI, OH 45241

This commercial loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending track record and a thorough understanding of SBA loan requirements.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4813 - Telephone Communications

NAICS Code

517310 -

Loan Approval Date

6/20/2003

Loan Approval Gross Amount

$638,000

Loan Approval from the SBA

Of the total $638,000 loan amount, the SBA guaranteed $478,500.

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 15 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

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