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December 19, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Savannah, Business Loans > First Chatham Bank Savannah Business Loans > Insurance Agents And Brokers Loan | ||||
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I Need a Business Loan in Mason, Ohio
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Insurance Agencies and Brokerages Business LoansLooking for business loans for insurance agencies and brokerages? An SBA loan may be just what you've been looking for. This $181,000 insurance agencies and brokerages loan was issued by a Georgia bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mason, Ohio was able to borrow $181,000 from First Chatham Bank. The SBA made the loan possible by guaranteeing $135,750 of this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: INSURANCE AGENTS AND BROKERS SBA Loan Lender FIRST CHATHAM BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 6411 - Insurance Agents and Brokers NAICS Code 524210 - Insurance Agencies and Brokerages Loan Approval Date 3/9/2006 Loan Approval Gross Amount $181,000 Loan Approval from the SBA Of the total $181,000 loan amount, the SBA guaranteed $135,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $181,000 loan. Remember, you control your own destiny. 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: Role of Business Plan When Raising Money Where to Get an SBA Loan in Savannah, Georgia
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