Business Loan from Minster Bank Given to Funeral Homes And Funeral Services Company

An SBA loan from Minster Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a St. Marys, Ohio business owner got a $543,500 loan.

This growing company knew how to go about getting a business bank loan. Based in St. Marys, Ohio, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Minster Bank, based in Minster, Ohio.

SBA Loan Borrower

COMPANY TYPE: FUNERAL HOMES AND FUNERAL SERVICES
ST. MARYS, OH 45885

SBA Loan Lender

MINSTER BANK
95 W 4TH ST
MINSTER, OH 45865

This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812210 - Funeral Homes and Funeral Services

Loan Approval Date

5/3/2004

Loan Approval Gross Amount

$543,500

Loan Approval from the SBA

Of the total $543,500 loan amount, the SBA guaranteed $407,625.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Minster 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

Banks in Minster, Ohio

Find an SBA Lender in Ohio