Piqua, Ohio Bank Lends Money to Small Business Loan Recipient Company in Piqua, Ohio

A Piqua, Ohio SBA loan can be yours. Learn how one firm got a $31,800 business loan from this Ohio bank.

This loan to a local firm is a good example of an SBA loan. Unity National Bank A Division - made the loan and the SBA guaranteed a portion of the loan. Many other Ohio entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

SMALL BUSINESS LOAN RECIPIENT
PIQUA, OH 45356

SBA Loan Lender

UNITY NATIONAL BANK A DIVISION -
212 N MAIN ST
PIQUA, OH 45356

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7991 - Physical Fitness Facilities

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

10/22/2003

Loan Approval Gross Amount

$31,800

Loan Approval from the SBA

Of the total $31,800 loan amount, the SBA guaranteed $27,030.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Unity National Bank A Division - so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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