De Graff, Ohio Bank Lends Money to Bed-And-Breakfast Inns Company in Gambier, Ohio

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

Applying for an SBA loan with United Midwest Savings Bank worked out well for our friends at one local firm in Gambier, Ohio. The business was able to get an SBA loan for $325,000. Great job!

SBA Loan Borrower

COMPANY TYPE: BED-AND-BREAKFAST INNS
GAMBIER, OH 43022

SBA Loan Lender

UNITED MIDWEST SAVINGS BANK
101 S MAIN ST
DE GRAFF, OH 43318

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721191 - Bed-and-Breakfast Inns

Loan Approval Date

1/7/2003

Loan Approval Gross Amount

$325,000

Loan Approval from the SBA

Of the total $325,000 loan amount, the SBA guaranteed $243,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

If you are raising money in Gambier OH, you ought to talk with a local Gambier SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Gambier businesses.

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.

Related Links:

Determining Proper Capital Structure for a Business

Best Banks for Small Business in De Graff, Ohio

Ohio SBA 7A Lenders