Troy, Ohio Business Gets SBA-Guaranteed Funding from Unity National Bank A Division -

Unity National Bank A Division - and the SBA work together to get business loans for growing small businesses. Here's an example of how an Ohio entrepreneur was able to get a loan to take a small business to the next level.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Troy, Ohio was able to borrow $90,600 from Unity National Bank A Division -. The SBA made the loan possible by guaranteeing $77,010 of this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: CATERERS
TROY, OH 45373

SBA Loan Lender

UNITY NATIONAL BANK A DIVISION -
212 N MAIN ST
PIQUA, OH 45356

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722320 - Caterers

Loan Approval Date

1/6/2004

Loan Approval Gross Amount

$90,600

Loan Approval from the SBA

Of the total $90,600 loan amount, the SBA guaranteed $77,010.

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 10 employees. This SBA loan request did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

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

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.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Unity National Bank A Division - and they will explain how you can get an SBA loan for your company.

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:

How to Raise Money

SBA Banks in Piqua, Ohio

Where to Get an SBA Loan Ohio