Personal Care Services Commercial Loans

Looking for commercial loans for personal care services? The SBA may be the answer. This $225,000 personal care services loan was issued by an Ohio bank.

Getting a small business loan in Twinsburg, Ohio was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Portage Community Bank, operating out of Ravenna, Ohio. Here are the details on this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: PERSONAL CARE SERVICES
TWINSBURG, OH 44087

SBA Loan Lender

PORTAGE COMMUNITY BANK
1311 E MAIN ST
RAVENNA, OH 44266

This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812199 - Personal Care Services

Loan Approval Date

8/19/2004

Loan Approval Gross Amount

$225,000

Loan Approval from the SBA

Of the total $225,000 loan amount, the SBA guaranteed $168,750.

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 business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Portage Community Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Getting a Small Business Loan

Where to Get an SBA Loan in Ravenna, Ohio

Where to Get an SBA Loan Ohio