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December 21, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Hillsboro, Business Loans > Ncb, Fsb Hillsboro Business Loans > True Value Hardware Loan | ||||
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Raising Money in Columbus, Ohio With SBA Loans
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Borrow Money to Buy a True Value Hardware FranchiseBorrowing money to invest in a True Value Hardware franchise? Ncb, Fsb has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a True Value Hardware franchise requires some effort but others before you have been successful. In 2002, Ncb, Fsb issued an SBA franchise loan to an entrepreneur in Columbus, Ohio. Because True Value Hardware was registered with the SBA's registry of franchises, this Ohio small business loan was issued on an expedited basis. SBA Loan Borrower TRUE VALUE HARDWARE SBA Loan Lender NCB, FSB SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 444130 - Hardware Stores Loan Approval Date 10/21/2002 Loan Approval Gross Amount $460,000 Loan Approval from the SBA Of the total $460,000 loan amount, the SBA guaranteed $345,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a True Value Hardware franchise. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the business promised to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Ncb, Fsb are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: SBA 7A Banks in Hillsboro, Ohio
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