Growing Company Gets an Ohio Business Loan

Bank loans in Ohio are are few and far betweeen these days. We take a look at one Ohio bank loan, provided by an Ohio bank, that was approved by the SBA.

You can learn something about getting a small business loan in Mansfield, Ohio by studying this loan to a local company, made back in 2002. Banks like Commerce National Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: OFFICES AND CLINICS OF DENTISTS
MANSFIELD, OH 44907

SBA Loan Lender

COMMERCE NATIONAL BANK
3650 OLENTANGY RIVER RD, STE
COLUMBUS, OH 43214

At the time this loan was granted, the lender was part of the SBA's Certified Lenders Program (CLP). This program is designed to ensure rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8021 - Offices and Clinics of Dentists

NAICS Code

621210 - Dentists

Loan Approval Date

9/17/2002

Loan Approval Gross Amount

$297,275

Loan Approval from the SBA

Of the total $297,275 loan amount, the SBA guaranteed $222,956.

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 5 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great funding source

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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