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December 20, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Lancaster, Business Loans > Fairfield National Bank A Division Lancaster Business Loans > Eating Places Loan | ||||
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Grove City, Ohio Bank Loan
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Loans for Limited-Service RestaurantsLooking for loans for limited-service restaurants? An SBA loan may be just what you've been looking for. This $316,000 limited-service restaurants loan was issued by an Ohio bank. This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Fairfield National Bank A Division, out of Lancaster, Ohio. The loan was granted and they received $316,000 to help grow their Grove City, Ohio business. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender FAIRFIELD NATIONAL BANK A DIVISION The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 8/9/2001 Loan Approval Gross Amount $316,000 Loan Approval from the SBA Of the total $316,000 loan amount, the SBA guaranteed $237,000. 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 18 employees. The SBA loan documents did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: SBA 7A Lenders in Lancaster, Ohio Getting a Business Loan in Ohio
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