Bank Loans for Special Trade Contractors

Looking for bank loans for special trade contractors? An SBA loan may be just what you've been looking for. This $150,000 special trade contractors loan was issued by an Ohio bank.

This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Ncb, Fsb, out of Hillsboro, Ohio. The loan was granted and they received $150,000 to help grow their Danbury, Connecticut business.

SBA Loan Borrower

COMPANY TYPE: SPECIAL TRADE CONTRACTORS
DANBURY, CT 06810

SBA Loan Lender

NCB, FSB
139 S HIGH ST
HILLSBORO, OH 45133

This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1799 - Special Trade Contractors

NAICS Code

235990 - Special Trade Contractors

Loan Approval Date

3/22/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Realistic Debt Financing Options

SBA Participating Banks in Hillsboro, Ohio

SBA Ohio Banks