 |
 |
May 7, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Ohio Business Loan Sources > Cleveland, Business Loans > Keybank National Association Cleveland Business Loans > Machine Tool Manufacturing Loan | ||||
 |
||||
Requirements for Small Business Owners On Getting a Loan
|
||||
 |
Where to Get Capital for Machine Tool ManufacturingWith these SBA loans for machine tool manufacturing, the SBA guarantees the lender that the loan will be repaid. This machine tool manufacturing loan for $605,000 was given to an Ohio entrepreneur in 2003. This small business knew how to go about getting a business bank loan. Based in Dayton, Ohio, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Keybank National Association, based in Cleveland, Ohio. SBA Loan Borrower COMPANY TYPE: MACHINE TOOL MANUFACTURING SBA Loan Lender KEYBANK NATIONAL ASSOCIATION As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333512 - Machine Tool Manufacturing Loan Approval Date 3/17/2003 Loan Approval Gross Amount $605,000 Loan Approval from the SBA Of the total $605,000 loan amount, the SBA guaranteed $453,750. 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 20 employees. The SBA loan documents indicated that the loan would help retain 20 existing jobs. Next Steps for Getting an SBA Loan If you are raising money in Dayton OH, you ought to talk with a local Dayton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Dayton businesses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Accountant's Role in Securing Financing
|
|
||
|
||||
|
|
||||