Loan Census Banking News and Information
December 24, 2024  
 
 
  Business Loan Information  
 

Kentucky Bank SBA Loans

 

 
Loan Census SBA Loan Info

Inez Deposit Bank, Fsb SBA Loan to Eating Places Company

Looking to get an Ohio SBA loan? Here's one Ohio business loan that was approved by the SBA.

This growing firm needed an SBA business loan in Portsmouth, Ohio back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Inez Deposit Bank, Fsb, operating out of Louisa, Kentucky. Here are the details on this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
PORTSMOUTH, OH 45667

SBA Loan Lender

INEZ DEPOSIT BANK, FSB
202 E MAIN ST
LOUISA, KY 41230

This lender issued this particular SBA 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

5812 - Eating Places

Loan Approval Date

4/28/2000

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $93,750.

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 12 employees. This SBA loan request did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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 business? Maybe you want money to buy a franchise? 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:

Obtaining Funding - How to Borrow Money

Small Bank Loans in Louisa, Kentucky

SBA Kentucky Lenders