Small Business Loans for Title Abstract and Settlement Offices

Looking for small business loans for title abstract and settlement offices? The SBA may be the answer. This $81,000 title abstract and settlement offices loan was issued by an Ohio bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mansfield, Ohio was able to borrow $81,000 from First Federal Bank Of Ohio. The SBA made the loan possible by guaranteeing $64,800 of this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: TITLE ABSTRACT OFFICES
MANSFIELD, OH 44907

SBA Loan Lender

FIRST FEDERAL BANK OF OHIO
140 N COLUMBUS ST
GALION, OH 44833

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6541 - Title Abstract Offices

NAICS Code

541191 - Title Abstract and Settlement Offices

Loan Approval Date

5/31/2000

Loan Approval Gross Amount

$81,000

Loan Approval from the SBA

Of the total $81,000 loan amount, the SBA guaranteed $64,800.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Federal Bank Of Ohio that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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SBA 7A Lenders in Galion, Ohio

SBA Ohio Lenders