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May 2, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Brooklyn, Business Loans > Keybank National Association Brooklyn Business Loans > Electronic Coil, Transformer, And Inductor Manufacturing Loan | ||||
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Ohio SBA 7A Lenders
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Brooklyn, Ohio Bank Lends Money to Electronic Coil, Transformer, And Inductor Manufacturing Company in Piffard, New YorkA Brooklyn, Ohio small business loan can be yours. Learn how a business got a $200,000 business loan from this Ohio bank. This loan to an entrepreneur is a good example of an SBA loan. Keybank National Association made the loan and the SBA guaranteed a portion of the loan. Many other New York entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: ELECTRONIC COIL, TRANSFORMER, AND INDUCTOR MANUFACTURING SBA Loan Lender KEYBANK NATIONAL ASSOCIATION The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 334416 - Electronic Coil, Transformer, and Inductor Manufacturing Loan Approval Date 7/21/2006 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. 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 60 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $200,000 loan. Remember, things become real when you believe you can achieve them! 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
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