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May 15, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Beachwood, Business Loans > Ohio Commerce Bank Beachwood Business Loans > Basic Inorganic Chemical Manufacturing Loan | ||||
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Business Loans for Bedford Small Businesses
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Raising Money for Basic Inorganic Chemical ManufacturingLooking for bank loans for basic inorganic chemical manufacturing? The SBA may be the answer. This $2,000,000 basic inorganic chemical manufacturing loan was issued by an Ohio bank. Getting a small business loan in Bedford, Ohio was important for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Ohio Commerce Bank, operating out of Beachwood, Ohio. Here are the details on this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: BASIC INORGANIC CHEMICAL MANUFACTURING SBA Loan Lender OHIO COMMERCE BANK This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 325188 - Basic Inorganic Chemical Manufacturing Loan Approval Date 11/9/2007 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. This loan was not for a franchise. At the time of the loan, the company had 57 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 Ohio Commerce 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: Good Banks for Small Business in Beachwood, Ohio
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