SBA Loan from 1st Cit. National Bank - Upper Sand Helps Bottled And Canned Soft Drinks Company

An SBA loan from 1st Cit. National Bank - Upper Sand typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Upper Sandusky, Ohio business owner got a $70,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Upper Sandusky, Ohio was able to borrow $70,000 from 1st Cit. National Bank - Upper Sand. The SBA made the loan possible by guaranteeing $59,500 of this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: BOTTLED AND CANNED SOFT DRINKS
UPPER SANDUSKY, OH 43351

SBA Loan Lender

1ST CIT. NATIONAL BANK - UPPER SAND
100 N SANDUSKY AVE
UPPER SANDUSKY, OH 43351

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2086 - Bottled and Canned Soft Drinks

NAICS Code

312112 - Bottled Water Manufacturing

Loan Approval Date

12/14/2001

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $59,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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