Engineering Services Loans

With these loans for engineering services, the SBA guarantees the lender that the loan will be repaid. This engineering services loan for $500,000 was given to an Ohio entrepreneur in 2007.

This company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with 1st National Community Bank, out of East Liverpool, Ohio. The loan was granted and they received $500,000 to help grow their Wintersville, Ohio business.

SBA Loan Borrower

COMPANY TYPE: ENGINEERING SERVICES
WINTERSVILLE, OH 43953

SBA Loan Lender

1ST NATIONAL COMMUNITY BANK
16924 ST. CLAIR AVE
EAST LIVERPOOL, OH 43920

This commercial 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

541330 - Engineering Services

Loan Approval Date

10/22/2007

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 58 employees. The SBA loan documents indicated that the loan would help generate 8 new jobs and retain 58 existing jobs.

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

If you need money to start a small business or need money to grow a business, an SBA loan can be a great source of funding.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $500,000 loan. Remember, if it to be, it is up to me!

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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