Raising Money for Payroll Services

Looking for bank loans for payroll services? Try the SBA. This $50,000 payroll services loan was issued by an Ohio bank.

Getting a small business loan in Poland, Ohio was important for this growing firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from First Place Bank, operating out of Warren, Ohio. Here are the details on this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: PAYROLL SERVICES
POLAND, OH 44514

SBA Loan Lender

FIRST PLACE BANK
185 E MARKET ST
WARREN, OH 44481

The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

541214 - Payroll Services

Loan Approval Date

11/9/2007

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 7 existing jobs.

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

If you want money for new small business in Poland OH, you ought to talk with a local Poland SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Poland businesses.

This company got an SBA loan. You can too! Maybe you want money for start up 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:

Business Cash Advances

Small Bank Loans in Warren, Ohio

Ohio SBA 7A Banks