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May 5, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Akron, Business Loans > Firstmerit Bank Akron Business Loans > Ottman Diversified LLC Loan | ||||
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Brecksville, Ohio Bank Loan
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Firstmerit Bank Provides SBA Loan to Buy Cartridge World Stores FranchiseNeed a loan to purchase a Cartridge World Stores franchise? Firstmerit Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Brecksville, Ohio needed money to invest in a Cartridge World Stores franchise back in 2005. Firstmerit Bank issued an SBA franchise loan. Here are the details on this Ohio small business loan. SBA Loan Borrower OTTMAN DIVERSIFIED LLC SBA Loan Lender FIRSTMERIT BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453210 - Office Supplies and Stationery Loan Approval Date 6/15/2005 Loan Approval Gross Amount $236,700 Loan Approval from the SBA Of the total $236,700 loan amount, the SBA guaranteed $177,525. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Cartridge World Stores franchise. At the time of the loan, the company had no employees. The SBA loan documents indicated that the borrowed money would help create 10 new jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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 $236,700 loan. Remember, where there is a will, there is a way! 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: SBA 7A Banks for Akron, Ohio Loans
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