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May 6, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Cleveland, Business Loans > Keybank National Association Cleveland Business Loans > Industrial And Commercial Machinery And Equipment Loan | ||||
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Keybank National Association
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Keybank National Association SBA Loan to Industrial And Commercial Machinery And Equipment CompanyKeybank National Association has a track record as a leading provider of SBA loans. Find out how this Ohio entrepreneur received an SBA loan from them. Getting a small business loan in New Carlisle, Ohio was an essential business goal for this firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Keybank National Association, operating out of Cleveland, Ohio. Here are the details on this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: INDUSTRIAL AND COMMERCIAL MACHINERY AND EQUIPMENT SBA Loan Lender KEYBANK NATIONAL ASSOCIATION 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. SIC Code 3599 - Industrial and Commercial Machinery and Equipment Loan Approval Date 5/18/2000 Loan Approval Gross Amount $291,600 Loan Approval from the SBA Of the total $291,600 loan amount, the SBA guaranteed $218,700. 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 4 employees. The loan application indicated that the loan would help generate 1 new job and retain 4 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Keybank National Association had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Keybank National Association made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Obtaining Funding - How to Borrow Money Best Banks for Small Business in Cleveland, Ohio
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