Ohio SBA Loan Issued to Offices And Clinics Of Chiropractors Company

Small business loans in Ohio are are few and far betweeen these days. We take a look at one Ohio small business loan, provided by an Ohio bank, that was approved by the SBA.

This business, based in Grove City, Ohio, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from The Citizens Banking Company. We've got the inside scoop on this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: OFFICES AND CLINICS OF CHIROPRACTORS
GROVE CITY, OH 43123

SBA Loan Lender

THE CITIZENS BANKING COMPANY
601 SCIOTO ST
URBANA, OH 43078

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8041 - Offices and Clinics of Chiropractors

NAICS Code

621310 - Chiropractors

Loan Approval Date

7/10/2000

Loan Approval Gross Amount

$94,353

Loan Approval from the SBA

Of the total $94,353 loan amount, the SBA guaranteed $75,482.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 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.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Grove City OH, you ought to talk with a local Grove City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Grove City businesses.

We can help you find the best banks for small businesses in Grove City or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Famous Venture Capitalists

SBA 7A Lenders in Urbana, Ohio

SBA Lenders in Ohio