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November 15, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Providence, Business Loans > Rbs Citizens Providence Business Loans > Lawyers Loan | ||||
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How to Get SBA Loans in Elyria, Ohio
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Borrowing Money for LawyersWith these bank loans for lawyers, the SBA guarantees the lender that the loan will be repaid. This lawyers loan for $75,000 was given to an Ohio entrepreneur in 2005. This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Rbs Citizens, out of Providence, Rhode Island. The loan was granted and they received $75,000 to help grow their Elyria, Ohio business. SBA Loan Borrower COMPANY TYPE: LAWYERS SBA Loan Lender RBS CITIZENS 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. NAICS Code 541110 - Lawyers Loan Approval Date 11/4/2005 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $37,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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 $75,000 loan. Remember, where there is a will, there is a way! 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: Best Banks in Providence, Rhode Island
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