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May 18, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > De Graff, Business Loans > United Midwest Savings Bank De Graff Business Loans > Computer And Computer Peripheral Equipment And Software Wholesalers Loan | ||||
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Ohio SBA Banks
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Entrepreneur Works With De Graff, Ohio Bank to Get an SBA LoanGet to know De Graff, Ohio banks that specialize in small business loans and know how to work with entrepreneurs. United Midwest Savings Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Santa Ana, California starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from United Midwest Savings Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: COMPUTER AND COMPUTER PERIPHERAL EQUIPMENT AND SOFTWARE WHOLESALERS SBA Loan Lender UNITED MIDWEST SAVINGS BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA small business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 421430 - Computer and Computer Peripheral Equipment and Software Wholesalers Loan Approval Date 5/13/2004 Loan Approval Gross Amount $980,000 Loan Approval from the SBA Of the total $980,000 loan amount, the SBA guaranteed $735,000. 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 34 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. United Midwest Savings Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, United Midwest Savings 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: Obtaining Funding - How to Decide How Much to Raise Best Banks for Small Business in De Graff, Ohio Getting a Business Loan in Ohio
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