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November 24, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Providence, Business Loans > Rbs Citizens Providence Business Loans > Clothing Stores Loan | ||||
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How to Get an SBA Loan in Cleveland, Ohio
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Rbs Citizens Gives Business Loan to Clothing Stores CompanySBA loans in Ohio are hard to find these days. We take a look at one Ohio SBA loan, provided by a Rhode Island bank, that was approved by the SBA. You can learn something about getting a small business loan in Cleveland, Ohio by studying this loan to a local business, made back in 2006. Banks like Rbs Citizens may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: CLOTHING STORES SBA Loan Lender RBS CITIZENS This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 448190 - Clothing Stores Loan Approval Date 2/16/2006 Loan Approval Gross Amount $19,500 Loan Approval from the SBA Of the total $19,500 loan amount, the SBA guaranteed $9,750. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 10 existing jobs. Getting an SBA Loan For Your 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. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Good Banks for Small Business in Providence, Rhode Island
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