Perrsyville, Ohio Business Gets SBA-Guaranteed Funding from Farmers & Savings Bank A Divis

An SBA loan from Farmers & Savings Bank A Divis typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Perrsyville, Ohio business owner got a $185,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Perrsyville, Ohio was able to borrow $185,000 from Farmers & Savings Bank A Divis. The SBA made the loan possible by guaranteeing $138,750 of this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: MASONRY, STONE SETTING, AND OTHER STONE WORK
PERRSYVILLE, OH 44864

SBA Loan Lender

FARMERS & SAVINGS BANK A DIVIS
120 N WATER ST
LOUDONVILLE, OH 44842

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1741 - Masonry, Stone Setting, and Other Stone Work

NAICS Code

235410 - Masonry and Stone Contractors

Loan Approval Date

4/22/2002

Loan Approval Gross Amount

$185,000

Loan Approval from the SBA

Of the total $185,000 loan amount, the SBA guaranteed $138,750.

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 3 employees. The SBA loan documents 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

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great funding source

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Farmers & Savings Bank A Divis and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

The Friends and Family Network

SBA 7A Banks for Loudonville, Ohio Loans

Ohio SBA 7A Lenders