Mansfield, Ohio Lender Lends Money to Drapery, Curtain, And Upholstery Stores Company

Find Mansfield, Ohio banks that specialize in SBA loans and know how to work with entrepreneurs. The Richland Trust Company is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Mansfield, Ohio starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from The Richland Trust Company. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: DRAPERY, CURTAIN, AND UPHOLSTERY STORES
MANSFIELD, OH 44906

SBA Loan Lender

THE RICHLAND TRUST COMPANY
3 N MAIN ST
MANSFIELD, OH 44902

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5714 - Drapery, Curtain, and Upholstery Stores

NAICS Code

451130 - Sewing, Needlework, and Piece Goods Stores

Loan Approval Date

8/6/2002

Loan Approval Gross Amount

$48,617

Loan Approval from the SBA

Of the total $48,617 loan amount, the SBA guaranteed $41,324.

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 3 employees. The loan application did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Business Line of Credit

Banks in Mansfield, Ohio

Ohio SBA Bank Lenders