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November 15, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Toledo, Business Loans > The Huntington National Bank Toledo Business Loans > Eating Places Loan | ||||
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Ohio Bank SBA Loans
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The Huntington National Bank SBA Loan to Eating Places CompanyLooking to get an Ohio business loan? Here's one Ohio business loan that was approved by the SBA. This local small business 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 Huntington National Bank, based in Toledo, Ohio. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender THE HUNTINGTON NATIONAL BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 2/7/2000 Loan Approval Gross Amount $42,000 Loan Approval from the SBA Of the total $42,000 loan amount, the SBA guaranteed $33,600. 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. The loan application did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $42,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Who Lends Money to Small Businesses in Toledo, Ohio
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