The Union Bank Company SBA Loan to Computer Related Services Company

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

This up and coming company knew how to go about getting a business bank loan. Based in Toledo, Ohio, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was The Union Bank Company, based in Pemberville, Ohio.

SBA Loan Borrower

COMPANY TYPE: COMPUTER RELATED SERVICES
TOLEDO, OH 43617

SBA Loan Lender

THE UNION BANK COMPANY
132 E FRONT ST
PEMBERVILLE, OH 43450

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7379 - Computer Related Services

Loan Approval Date

4/27/2000

Loan Approval Gross Amount

$90,000

Loan Approval from the SBA

Of the total $90,000 loan amount, the SBA guaranteed $72,000.

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 2 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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

If you need money to start a small business or need money for an existing business, an SBA loan can be a great funding source

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

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