Cleveland, Ohio Bank Gives SBA Loan to Janitorial Services Company

Find Cleveland, Ohio banks that specialize in business loans and know how to work with entrepreneurs. Faith Community United Cu Inc. is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Cleveland, Ohio starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Faith Community United Cu Inc.. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: JANITORIAL SERVICES
CLEVELAND, OH 44108

SBA Loan Lender

FAITH COMMUNITY UNITED CU INC.
3550 E 93RD ST
CLEVELAND, OH 44105

This lender issued this SBA loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 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

561720 - Janitorial Services

Loan Approval Date

11/2/2004

Loan Approval Gross Amount

$5,750

Loan Approval from the SBA

Of the total $5,750 loan amount, the SBA guaranteed $4,888.

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 2 employees. The loan application did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

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 Faith Community United Cu Inc. 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.

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