Entrepreneur Works With Worthington, Ohio Bank to Get an SBA Loan

Find Worthington, Ohio banks that specialize in business loans and know how to work with entrepreneurs. The Guernsey Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Worthington, Ohio starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from The Guernsey Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: OFFICES AND CLINICS OF OPTOMETRISTS
WORTHINGTON, OH 43085

SBA Loan Lender

THE GUERNSEY BANK
547 HIGH ST
WORTHINGTON, OH 43085

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8042 - Offices and Clinics of Optometrists

NAICS Code

621320 - Optometrists

Loan Approval Date

12/18/2000

Loan Approval Gross Amount

$112,800

Loan Approval from the SBA

Of the total $112,800 loan amount, the SBA guaranteed $84,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like The Guernsey Bank and they will explain how you can get an SBA loan for your company.

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:

Angel Investors

Small Business Banks in Worthington, Ohio

Where to Get an SBA Loan Ohio