Borrowing Money for Taxi Service
Looking for small business loans for taxi service? Try the SBA. This $75,000 taxi service loan was issued by an Ohio bank.
This company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with First Finan Bank, out of Hamilton, Ohio. The loan was granted and they received $75,000 to help grow their Hamilton, Ohio business.
SBA Loan Borrower
COMPANY TYPE: TAXI SERVICE
HAMILTON, OH 45013
SBA Loan Lender
FIRST FINAN BANK
300 HIGH ST
HAMILTON, OH 45012
This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
485310 - Taxi Service
Loan Approval Date
8/16/2007
Loan Approval Gross Amount
$75,000
Loan Approval from the SBA
Of the total $75,000 loan amount, the SBA guaranteed $63,750.
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 only one employee. The loan application indicated that the funding would help generate 3 new jobs.
Next Steps for Getting an SBA Loan
SBA loans provide smart, affordable business financing for small businesses looking to expand.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $75,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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:
The Art of Bootstrapping
Where to Get an SBA Loan in Hamilton, Ohio
Ohio SBA 7A Lenders