Ohio Small Business Loan Issued to Electric And Other Services Combined Company

OhioBusiness loans are available to Ohio business owners through the SBA. In this case, an Ohio bank provides the loan.

Getting a small business loan in Clinton, Ohio was a top priority for this SBA-financed company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Fifth Third Bank. Here are the details on this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: ELECTRIC AND OTHER SERVICES COMBINED
CLINTON, OH 44216

SBA Loan Lender

FIFTH THIRD BANK
606 MADISON AVE
TOLEDO, OH 43604

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.

SIC Code

4931 - Electric and Other Services Combined

Loan Approval Date

4/21/2000

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

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 5 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 10 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Clinton OH, you ought to talk with a local Clinton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Clinton businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Fifth Third Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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