Loan Census Banking News and Information
April 27, 2024  
 
 
  Business Loan Information  
 

I Need a Small Business Loan in Bainbridge Center, Ohio

 

 
Loan Census SBA Loan Info

Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers Loans

Looking for loans for flower, nursery stock, and florists' supplies merchant wholesalers? Try the SBA. This $50,000 flower, nursery stock, and florists' supplies merchant wholesalers loan was issued by an Ohio bank.

This small firm knew how to go about getting a business bank loan. Based in Bainbridge Center, Ohio, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Park View Federal Savings Bank, based in Solon, Ohio.

SBA Loan Borrower

COMPANY TYPE: FLOWER, NURSERY STOCK, AND FLORISTS' SUPPLIES MERCHANT WHOLESALERS
BAINBRIDGE CENTER, OH 44023

SBA Loan Lender

PARK VIEW FEDERAL SAVINGS BANK
30000 AURORA RD
SOLON, OH 44139

This commercial loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

424930 - Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers

Loan Approval Date

5/21/2007

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

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 10 employees. The SBA loan documents indicated that the loan would help retain 10 existing jobs.

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

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.

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 Park View Federal Savings 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:

Business Incubators

SBA Banks in Solon, Ohio

Find an SBA Lender in Ohio