Gahanna, Ohio Lender Lends Money to Golf Courses And Country Clubs Company
Thinking about meeting with a Gahanna, Ohio bank about an SBA loan? Here's one Ohio business loan, issued by a Gahanna bank, that was approved by the SBA.
Applying for an SBA loan with Heartland Bank worked out well for our friends at one local company in Westerville, Ohio. The business was able to get an SBA loan for $2,000,000. Nice!
SBA Loan Borrower
COMPANY TYPE: GOLF COURSES AND COUNTRY CLUBS
WESTERVILLE, OH 43081
SBA Loan Lender
HEARTLAND BANK
850 N HAMILTON RD
GAHANNA, OH 43230
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
713910 - Golf Courses and Country Clubs
Loan Approval Date
4/24/2007
Loan Approval Gross Amount
$2,000,000
Loan Approval from the SBA
Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000.
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 25 employees. This SBA loan request indicated that the loan would help generate 27 new jobs and retain 27 existing jobs.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Heartland Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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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