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April 30, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Medina, Business Loans > Firstmerit Bank Medina Business Loans > Special Dies And Tools, Die Sets, Jigs And Fixture Loan | ||||
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Ohio Bank SBA Loans
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Firstmerit Bank SBA Loan to Special Dies And Tools, Die Sets, Jigs And Fixture CompanyLooking to get an Ohio business loan? Here's one Ohio business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Medina, Ohio was able to borrow $150,000 from Firstmerit Bank. The SBA made the loan possible by guaranteeing $112,500 of this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: SPECIAL DIES AND TOOLS, DIE SETS, JIGS AND FIXTURE SBA Loan Lender FIRSTMERIT BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3544 - Special Dies and Tools, Die Sets, Jigs and Fixture Loan Approval Date 1/20/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 9 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. 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. Related Links: Determining Proper Capital Structure for a Business Find an SBA Lender in Medina, Ohio
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