The Citizens Banking Company Gives Bank Loan to Custom Roll Forming Company

Would an Ohio bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this Ohio bank, which offers SBA loans to Ohio entrepreneurs.

Getting a small business loan in St. Louisville, Ohio was a top priority for this loan applicant back in 2008 and, based on their loan application, they were successful in getting an SBA loan from The Citizens Banking Company. Here are the details on this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: CUSTOM ROLL FORMING
ST. LOUISVILLE, OH 43071

SBA Loan Lender

THE CITIZENS BANKING COMPANY
100 E WATER ST
SANDUSKY, OH 44870

This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

332114 - Custom Roll Forming

Loan Approval Date

2/13/2008

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. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 22 employees. The loan application indicated that the loan would help retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. The Citizens Banking Company had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, The Citizens Banking Company made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Accountant's Role in Securing Financing

Where to Get an SBA Loan in Sandusky, Ohio

Getting a Business Loan in Ohio