Business Loan from Bank Of Maumee Given to Beauty Salons Company

Bank Of Maumee has a track record as a leading provider of SBA loans. Find out how this Ohio entrepreneur received an SBA loan from them.

Getting a small business loan in Maumee, Ohio was an essential business goal for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Maumee, operating out of Maumee, Ohio. Here are the details on this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
MAUMEE, OH 43537

SBA Loan Lender

BANK OF MAUMEE
3425 BRIARFIELD BLVD, STE 100
MAUMEE, OH 43537

This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

12/4/2007

Loan Approval Gross Amount

$498,300

Loan Approval from the SBA

Of the total $498,300 loan amount, the SBA guaranteed $373,725.

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 indicated that the loan would help generate 4 new jobs and retain 5 existing jobs.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of Maumee so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Obtaining Funding From a Venture Capitalist

Best Banks for Small Business in Maumee, Ohio

SBA Lenders in Ohio