The Commercial Savings Bank SBA Loan to Office Furniture Company

An SBA loan from The Commercial Savings Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Findlay, Ohio business owner got a $150,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Findlay, Ohio, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was The Commercial Savings Bank, based in Findlay, Ohio.

SBA Loan Borrower

COMPANY TYPE: OFFICE FURNITURE
FINDLAY, OH 45840

SBA Loan Lender

THE COMMERCIAL SAVINGS BANK
201 E LINCOLN ST
FINDLAY, OH 45840

This lender issued this particular bank 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

2522 - Office Furniture

NAICS Code

337214 - Office Furniture Manufacturing

Loan Approval Date

9/23/2003

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. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 12 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

This SBA loan was for $150,000. How would you spend $150,000 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.

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