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April 20, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Parma, Business Loans > American National Bank Parma Business Loans > Office Furniture Manufacturing Loan | ||||
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Ohio Small Business Funding
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Raising Money for Office Furniture ManufacturingLooking for business loans for office furniture manufacturing? An SBA loan may be just what you've been looking for. This $1,017,500 office furniture manufacturing loan was issued by an Ohio bank. Getting a small business loan in Cleveland, Ohio was important for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from American National Bank, operating out of Parma, Ohio. Here are the details on this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: OFFICE FURNITURE MANUFACTURING SBA Loan Lender AMERICAN NATIONAL BANK This lender provides SBA loan for small businesses 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 337214 - Office Furniture Manufacturing Loan Approval Date 5/14/2003 Loan Approval Gross Amount $1,017,500 Loan Approval from the SBA Of the total $1,017,500 loan amount, the SBA guaranteed $763,125. 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 60 employees. The SBA loan application for the borrower indicated that the loan would help retain 60 existing jobs. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. 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 American National Bank 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:
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