How to Get a Loan for Lessors of Miniwarehouses and Self-Storage Units

Looking for business loans for lessors of miniwarehouses and self-storage units? An SBA loan may be just what you've been looking for. This $141,400 lessors of miniwarehouses and self-storage units loan was issued by an Ohio bank.

Getting a small business loan in Mansfield, Ohio was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from The Richland Trust Company, operating out of Mansfield, Ohio. Here are the details on this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: LESSORS OF MINIWAREHOUSES AND SELF-STORAGE UNITS
MANSFIELD, OH 44903

SBA Loan Lender

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

The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

531130 - Lessors of Miniwarehouses and Self-Storage Units

Loan Approval Date

8/31/2005

Loan Approval Gross Amount

$141,400

Loan Approval from the SBA

Of the total $141,400 loan amount, the SBA guaranteed $70,700.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. This SBA loan request indicated that the funding would help create 1 new job.

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 $141,400 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.

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