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April 28, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Temecula, Business Loans > Temecula Valley Bank Temecula Business Loans > Concrete Product Manufacturing Loan | ||||
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Temecula Valley Bank Business Loans Mogadore
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Temecula Valley Bank SBA Loan to Concrete Product Manufacturing CompanyAn SBA loan from Temecula Valley Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Mogadore, Ohio business owner got a $2,000,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mogadore, Ohio was able to borrow $2,000,000 from Temecula Valley Bank. The SBA made the loan possible by guaranteeing $1,500,000 of this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: CONCRETE PRODUCT MANUFACTURING SBA Loan Lender TEMECULA VALLEY BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 327390 - Concrete Product Manufacturing Loan Approval Date 6/8/2004 Loan Approval Gross Amount $2,000,000 Loan Approval from the SBA Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000. 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 20 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Temecula Valley Bank and they will explain how you can get an SBA loan for your company. 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: Banking Deregulation's Effects on Entrepreneurship SBA 7A Banks in Temecula, California
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