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April 28, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > New York, Business Loans > Grow America Fund Inc New York Business Loans > Industrial Supplies Merchant Wholesalers Loan | ||||
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Ohio Small Business SBA Loans
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Ohio SBA Loan Issued to Industrial Supplies Merchant Wholesalers CompanyWould an Ohio small business loan help your small business to grow and prosper? If so, you may want to talk with this New York bank, which offers SBA loans to Ohio entrepreneurs. You can learn something about getting a small business loan in Cincinnati, Ohio by studying this loan to a local company, made back in 2007. Banks like Grow America Fund Inc may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: INDUSTRIAL SUPPLIES MERCHANT WHOLESALERS SBA Loan Lender GROW AMERICA FUND INC This lender provides SBA 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 423840 - Industrial Supplies Merchant Wholesalers Loan Approval Date 9/12/2007 Loan Approval Gross Amount $850,000 Loan Approval from the SBA Of the total $850,000 loan amount, the SBA guaranteed $637,500. 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 26 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 26 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Grow America Fund Inc and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Obtaining Funding - Friends and Family SBA 7A Banks in New York, New York
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