Security Guards and Patrol Services Bank Loans

With these bank loans for security guards and patrol services, the SBA guarantees the lender that the loan will be repaid. This security guards and patrol services loan for $704,000 was given to an Ohio entrepreneur in 2003.

This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with The Huntington National Bank, out of Canton, Ohio. The loan was granted and they received $704,000 to help grow their Cleveland, Ohio business.

SBA Loan Borrower

COMPANY TYPE: SECURITY GUARDS AND PATROL SERVICES
CLEVELAND, OH 44114

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
220 MARKET AVE SOUTH, UNITED
CANTON, OH 44702

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561612 - Security Guards and Patrol Services

Loan Approval Date

8/13/2003

Loan Approval Gross Amount

$704,000

Loan Approval from the SBA

Of the total $704,000 loan amount, the SBA guaranteed $528,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 2500 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

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

If you need business start up money in Cleveland OH, you ought to talk with a local Cleveland SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cleveland businesses.

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 $704,000 loan. Remember, fight for what you want, and it will be yours!

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:

Business Incubators

SBA Approved Banks in Canton, Ohio

Ohio SBA 7A Lenders