SBA Loan from First Fed. Bank - Midwest Helps General Long-Distance Freight Trucking Company

First Fed. Bank - Midwest is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Ohio entrepreneur who tapped into the power of SBA loans.

This growing company knew how to go about getting a business bank loan. Based in Findlay, Ohio, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was First Fed. Bank - Midwest, based in Findlay, Ohio.

SBA Loan Borrower

COMPANY TYPE: GENERAL LONG-DISTANCE FREIGHT TRUCKING
FINDLAY, OH 45840

SBA Loan Lender

FIRST FED. BANK - MIDWEST
301 S MAIN ST
FINDLAY, OH 45840

This lender issued this SBA bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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

484121 - General Long-Distance Freight Trucking

Loan Approval Date

10/17/2007

Loan Approval Gross Amount

$1,601,000

Loan Approval from the SBA

Of the total $1,601,000 loan amount, the SBA guaranteed $1,200,750.

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 41 employees. The loan application indicated that the loan would help retain 41 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

This SBA loan was for $1,601,000. How would you spend $1,601,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Business Line of Credit

Where to Get an SBA Loan in Findlay, Ohio

Ohio SBA 7A Lenders