Where to Get Capital for Professional, Scientific, and Technical Services
With these small business loans for professional, scientific, and technical services, the SBA guarantees the lender that the loan will be repaid. This professional, scientific, and technical services loan for $410,000 was given to an Ohio entrepreneur in 2002.
Getting a small business loan in Waynesville, Ohio was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Banc One Leasing Corporation, operating out of Columbus, Ohio. Here are the details on this Ohio small business loan.
SBA Loan Borrower
COMPANY TYPE: HEALTH AND ALLIED SERVICES
WAYNESVILLE, OH 45068
SBA Loan Lender
BANC ONE LEASING CORPORATION
1111 POLARIS PKWY #A3
COLUMBUS, OH 43240
This SBA loan was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan requests to the SBA get more expeditious service from the SBA on their loan applications.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
8099 - Health and Allied Services
NAICS Code
541990 - Professional, Scientific, and Technical Services
Loan Approval Date
5/8/2002
Loan Approval Gross Amount
$410,000
Loan Approval from the SBA
Of the total $410,000 loan amount, the SBA guaranteed $307,500.
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 11 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.
Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!
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:
Bank Credit Lines
SBA 7A Lenders in Columbus, Ohio
SBA Lenders in Ohio