The Citizens Banking Company SBA Loan to Full-Service Restaurants Company

An SBA loan from The Citizens Banking Company typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Norwalk, Ohio business owner got a $715,800 loan.

This small firm knew how to go about getting a business bank loan. Based in Norwalk, Ohio, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was The Citizens Banking Company, based in Sandusky, Ohio.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
NORWALK, OH 44857

SBA Loan Lender

THE CITIZENS BANKING COMPANY
100 E WATER ST
SANDUSKY, OH 44870

This SBA 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

4/27/2006

Loan Approval Gross Amount

$715,800

Loan Approval from the SBA

Of the total $715,800 loan amount, the SBA guaranteed $536,850.

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

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

We can help you find the best banks for small businesses in Norwalk or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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 Banks for Sandusky, Ohio Loans

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