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April 26, 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 Machinery And Equipment Rental And Leasing Loan | ||||
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We Needed a Commercial Loan in Cleveland, Ohio and We Got One!
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Loans for Office Machinery and Equipment Rental and LeasingLooking for loans for office machinery and equipment rental and leasing? Talk to a banker who works with the SBA. This $511,000 office machinery and equipment rental and leasing loan was issued by an Ohio bank. This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with American National Bank, out of Parma, Ohio. The loan was granted and they received $511,000 to help grow their Cleveland, Ohio business. SBA Loan Borrower COMPANY TYPE: OFFICE MACHINERY AND EQUIPMENT RENTAL AND LEASING SBA Loan Lender AMERICAN NATIONAL BANK This SBA bank loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending history and are well trained in SBA lending rules and regulations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 532420 - Office Machinery and Equipment Rental and Leasing Loan Approval Date 5/10/2002 Loan Approval Gross Amount $511,000 Loan Approval from the SBA Of the total $511,000 loan amount, the SBA guaranteed $383,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 21 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We can help you find the best banks for small businesses in Cleveland or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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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