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November 15, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Urbana, Business Loans > The Citizens Banking Company Urbana Business Loans > Small Arms Manufacturing Loan | ||||
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The Citizens Banking Company
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Business Loan from The Citizens Banking Company Given to Small Arms Manufacturing CompanyAn SBA loan from The Citizens Banking Company typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Troy, Ohio business owner got a $791,520 loan. This growing company knew how to go about getting a business bank loan. Based in Troy, Ohio, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was The Citizens Banking Company, based in Urbana, Ohio. SBA Loan Borrower COMPANY TYPE: SMALL ARMS MANUFACTURING SBA Loan Lender THE CITIZENS BANKING COMPANY The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide small business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332994 - Small Arms Manufacturing Loan Approval Date 8/22/2005 Loan Approval Gross Amount $791,520 Loan Approval from the SBA Of the total $791,520 loan amount, the SBA guaranteed $593,640. 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 6 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. 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: SBA 7A Lenders in Urbana, Ohio
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