Direct Selling Establishments Commercial Loans

Looking for commercial loans for direct selling establishments? The SBA may be the answer. This $401,500 direct selling establishments loan was issued by an Ohio bank.

Getting a small business loan in Oro Valley, Arizona was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from United Midwest Savings Bank, operating out of De Graff, Ohio. Here are the details on this Arizona small business loan.

SBA Loan Borrower

COMPANY TYPE: RETAIL STORES
ORO VALLEY, AZ 85755

SBA Loan Lender

UNITED MIDWEST SAVINGS BANK
101 S MAIN ST
DE GRAFF, OH 43318

This lender issued this SBA bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

NAICS Code

454390 - Direct Selling Establishments

Loan Approval Date

9/26/2005

Loan Approval Gross Amount

$401,500

Loan Approval from the SBA

Of the total $401,500 loan amount, the SBA guaranteed $301,125.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Bank Credit Lines

Who Lends Money to Small Businesses in De Graff, Ohio

Ohio SBA 7A Banks