Advantage Bank SBA Loan to Barber Shops Company

Advantage Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how an Ohio entrepreneur was able to get a loan to take a small business to the next level.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Gnadenhutten, Ohio was able to borrow $210,000 from Advantage Bank. The SBA made the loan possible by guaranteeing $105,000 of this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: BARBER SHOPS
GNADENHUTTEN, OH 44629

SBA Loan Lender

ADVANTAGE BANK
814 WHEELING AVE
CAMBRIDGE, OH 43725

This lender processed this SBA bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

812111 - Barber Shops

Loan Approval Date

4/27/2006

Loan Approval Gross Amount

$210,000

Loan Approval from the SBA

Of the total $210,000 loan amount, the SBA guaranteed $105,000.

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 8 employees. The loan application indicated that the loan would help generate 6 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you have been wondering how do i get money to start a business in Gnadenhutten OH, you ought to talk with a local Gnadenhutten SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Gnadenhutten businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Advantage Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Advantage Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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