SBA Loan from Cit. National Bank - Bluffton Helps Animal Specialties, N.E.C Company

An SBA loan from Cit. National Bank - Bluffton typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Lima, Ohio business owner got a $40,000 loan.

This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Cit. National Bank - Bluffton, out of Lima, Ohio. The loan was granted and they received $40,000 to help grow their Lima, Ohio business.

SBA Loan Borrower

COMPANY TYPE: ANIMAL SPECIALTIES, N.E.C
LIMA, OH 45806

SBA Loan Lender

CIT. NATIONAL BANK - BLUFFTON
201 N MAIN ST
LIMA, OH 45801

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0279 - Animal Specialties, N.E.C

Loan Approval Date

6/1/2000

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $32,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $40,000 loan. Remember, anyone can do it... so why not 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.

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