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May 15, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Parma, Business Loans > American National Bank Parma Business Loans > Accounting Services Loan | ||||
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Banks in Parma, Ohio That Make SBA Loans
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Parma, Ohio Lender Lends Money to Accounting Services CompanyA Parma, Ohio SBA loan can be yours. Learn how one firm got a $172,800 business loan from this Ohio bank. This loan to a local firm is a good example of an SBA loan. American National Bank made the loan and the SBA guaranteed a portion of the loan. Many other Michigan 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: ACCOUNTING SERVICES SBA Loan Lender AMERICAN NATIONAL BANK This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541219 - Accounting Services Loan Approval Date 10/16/2003 Loan Approval Gross Amount $172,800 Loan Approval from the SBA Of the total $172,800 loan amount, the SBA guaranteed $129,600. 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 22 employees. This SBA loan request did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source 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 $172,800 loan. Remember, fight for what you want, and it will be yours! 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: Realistic Debt Financing Options
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