Borrowing Money for Pet Care Services

With these small business loans for pet care services, the SBA guarantees the lender that the loan will be repaid. This pet care services loan for $80,000 was given to an Ohio entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Loveland, Ohio was able to borrow $80,000 from Riverhills Bank. The SBA made the loan possible by guaranteeing $40,000 of this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: PET CARE SERVICES
LOVELAND, OH 45140

SBA Loan Lender

RIVERHILLS BANK
110 FRONT ST
NEW RICHMOND, OH 45157

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

812910 - Pet Care Services

Loan Approval Date

7/19/2007

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $40,000.

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 6 employees. The SBA loan application for the borrower indicated that the loan would help generate 8 new jobs and retain 6 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Riverhills Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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