Luckey, Ohio Lender Lends Money to Supermarkets And Grocery Stores Company

Want to talk with a Luckey, Ohio bank about a small business loan? Here's one Ohio business loan, issued by a Luckey bank, that was approved by the SBA.

Applying for an SBA loan with St. Bank & Trust worked out well for our friends at one local business in Elmore, Ohio. The business was able to get an SBA loan for $379,600. Nice!

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
ELMORE, OH 43416

SBA Loan Lender

ST. BANK & TRUST
235 MAIN ST
LUCKEY, OH 43443

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

445110 - Supermarkets and Grocery Stores

Loan Approval Date

6/8/2006

Loan Approval Gross Amount

$379,600

Loan Approval from the SBA

Of the total $379,600 loan amount, the SBA guaranteed $284,700.

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 5 employees. The loan application did not indicate that the business planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We can help you find the best banks for small businesses in Elmore or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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