SBA Loan from Cortland Savings & Bank Co. Helps General Freight Trucking, Local Company

An SBA loan from Cortland Savings & Bank Co. typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Youngstown, Ohio business owner got a $199,800 loan.

This business knew how to go about getting a business bank loan. Based in Youngstown, Ohio, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Cortland Savings & Bank Co., based in Cortland, Ohio.

SBA Loan Borrower

COMPANY TYPE: GENERAL FREIGHT TRUCKING, LOCAL
YOUNGSTOWN, OH 44514

SBA Loan Lender

CORTLAND SAVINGS & BANK CO.
194 W MAIN ST
CORTLAND, OH 44410

This 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

484110 - General Freight Trucking, Local

Loan Approval Date

12/5/2000

Loan Approval Gross Amount

$199,800

Loan Approval from the SBA

Of the total $199,800 loan amount, the SBA guaranteed $149,850.

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 3 employees. The loan application did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a business or need money for an existing business, an SBA loan can be a great funding source

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 Cortland Savings & Bank Co. 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.

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