Growing Company Gets an Ohio Business Loan

Searching for an Ohio bank loan? This Ohio entrepreneur got a bank loan, provided by a Rhode Island bank that works with the SBA to help small business owners.

Getting a small business loan in Middlefield, Ohio was a top priority for this loan applicant back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Rbs Citizens. Here are the details on this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: WOOD CONTAINER AND PALLET MANUFACTURING
MIDDLEFIELD, OH 44062

SBA Loan Lender

RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

321920 - Wood Container and Pallet Manufacturing

Loan Approval Date

2/27/2007

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $125,000.

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 25 employees. The SBA loan documents indicated that the loan would help generate 6 new jobs and retain 31 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Middlefield OH, you ought to talk with a local Middlefield SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Middlefield businesses.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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