Business Loan from The Commercial Savings Bank Given to Full-Service Restaurants Company

An SBA loan from The Commercial Savings Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Mccomb, Ohio business owner got a $500,000 loan.

This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with The Commercial Savings Bank, out of Upper Sandusky, Ohio. The loan was granted and they received $500,000 to help grow their Mccomb, Ohio business.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
MCCOMB, OH 45858

SBA Loan Lender

THE COMMERCIAL SAVINGS BANK
118 S SANDUSKY AVE
UPPER SANDUSKY, OH 43351

This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

10/15/2002

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

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 60 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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