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May 18, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Akron, Business Loans > Firstmerit Bank Akron Business Loans > Primary Metal Products Loan | ||||
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I Need an SBA Loan in Perry, Ohio
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Getting an SBA Loan for Industrial Mold ManufacturingLooking for commercial loans for industrial mold manufacturing? Talk to a banker who works with the SBA. This $134,100 industrial mold manufacturing loan was issued by an Ohio bank. This business knew how to go about getting a business bank loan. Based in Perry, Ohio, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Firstmerit Bank, based in Akron, Ohio. SBA Loan Borrower COMPANY TYPE: PRIMARY METAL PRODUCTS SBA Loan Lender FIRSTMERIT BANK This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3399 - Primary Metal Products NAICS Code 333511 - Industrial Mold Manufacturing Loan Approval Date 10/10/2000 Loan Approval Gross Amount $134,100 Loan Approval from the SBA Of the total $134,100 loan amount, the SBA guaranteed $100,575. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you have been wondering how do i get money to start a business in Perry OH, you ought to talk with a local Perry SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Perry businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Firstmerit Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Firstmerit Bank 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: Microlending as a Small Business Funding Source Best Banks for Small Business in Akron, Ohio
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