Iron and Steel Mills Bank Loans

With these bank loans for iron and steel mills, the SBA guarantees the lender that the loan will be repaid. This iron and steel mills loan for $150,000 was given to an Ohio entrepreneur in 2001.

Getting a small business loan in Cincinnati, Ohio was important for this growing firm back in 2001 and, based on their loan application, they were successful in getting an SBA loan from The Park National Bank, operating out of Cincinnati, Ohio. Here are the details on this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: STEEL WORKS, BLAST FURNACES AND ROLLING MILLS
CINCINNATI, OH 45202

SBA Loan Lender

THE PARK NATIONAL BANK
720 E PETE ROSE WAY
CINCINNATI, OH 45202

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3312 - Steel Works, Blast Furnaces and Rolling Mills

NAICS Code

331111 - Iron and Steel Mills

Loan Approval Date

8/27/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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