Findlay, Ohio Bank Gives SBA Loan to Eating Places Company

Find Findlay, Ohio banks that specialize in SBA loans and know how to work with entrepreneurs. First Fed. Bank - Midwest is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Fort Wayne, Indiana starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from First Fed. Bank - Midwest. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
FORT WAYNE, IN 46825

SBA Loan Lender

FIRST FED. BANK - MIDWEST
3900 N MAIN ST
FINDLAY, OH 45840

This lender issued this SBA loan under the SBA's 7A loan, 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.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

7/20/2004

Loan Approval Gross Amount

$425,574

Loan Approval from the SBA

Of the total $425,574 loan amount, the SBA guaranteed $319,180.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The loan application did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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