Financing for Support Services

Looking for loans for support services? Try the SBA. This $90,000 support services loan was issued by an Ohio bank.

Getting a small business loan in Sheffield, Ohio was important for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from The Lorain National Bank, operating out of Lorain, Ohio. Here are the details on this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: SUPPORT SERVICES
SHEFFIELD, OH 44054

SBA Loan Lender

THE LORAIN NATIONAL BANK
457 BROADWAY
LORAIN, OH 44052

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561990 - Support Services

Loan Approval Date

5/10/2007

Loan Approval Gross Amount

$90,000

Loan Approval from the SBA

Of the total $90,000 loan amount, the SBA guaranteed $76,500.

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. This SBA loan request indicated that the funding would help generate 2 new jobs.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Sheffield OH, you ought to talk with a local Sheffield SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sheffield businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from The Lorain National Bank 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.

Related Links:

Advice on Getting a Small Business Loan

SBA Banks in Lorain, Ohio

Ohio SBA Banks