Loan Census Banking News and Information
December 19, 2024  
 
 
  Business Loan Information  
 

We Needed an SBA 7A Loan in Norwalk, Ohio and We Got One!

 

 
Loan Census SBA Loan Info

SBA Loans for Services for the Elderly and Persons with Disabilities

Looking for SBA loans for services for the elderly and persons with disabilities? An SBA loan may be just what you've been looking for. This $30,000 services for the elderly and persons with disabilities loan was issued by an Ohio bank.

This business knew how to go about getting a business bank loan. Based in Norwalk, Ohio, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was The Citizens Banking Company, based in Sandusky, Ohio.

SBA Loan Borrower

COMPANY TYPE: INDIVIDUAL AND FAMILY SOCIAL SERVICES
NORWALK, OH 44857

SBA Loan Lender

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

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8322 - Individual and Family Social Services

NAICS Code

624120 - Services for the Elderly and Persons with Disabilities

Loan Approval Date

6/25/2002

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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

This company got an SBA loan. You can too! Maybe you need seed money for a small 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.

Related Links:

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Banks in Sandusky, Ohio

Ohio SBA Bank Lenders