Business Loan from First Finan Bank Given to Landscaping Services Company
First Finan Bank has a track record as a leading provider of SBA loans. Find out how this Ohio entrepreneur received an SBA loan from them.
Getting a small business loan in Hamilton, Ohio was an essential business goal for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from First Finan Bank, operating out of Hamilton, Ohio. Here are the details on this Ohio small business loan.
SBA Loan Borrower
COMPANY TYPE: LANDSCAPING SERVICES
HAMILTON, OH 45013
SBA Loan Lender
FIRST FINAN BANK
300 HIGH ST
HAMILTON, OH 45012
This lender issued this debt financing under the 7A SBA program, 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.
NAICS Code
561730 - Landscaping Services
Loan Approval Date
12/21/2007
Loan Approval Gross Amount
$251,000
Loan Approval from the SBA
Of the total $251,000 loan amount, the SBA guaranteed $188,250.
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 2 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Finan Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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:
Obtaining Funding From a Venture Capitalist
SBA Banks in Hamilton, Ohio
Getting a Business Loan in Ohio