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April 19, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Washington, Business Loans > Loans From Old Closed Lenders Washington Business Loans > Industrial Machinery And Equipment Loan | ||||
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Washington SBA Lenders
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Washington, District of Columbia Bank Gives SBA Loan to Industrial Machinery And Equipment CompanyGet to know Washington, District of Columbia banks that specialize in SBA loans and know how to work with entrepreneurs. Loans From Old Closed Lenders is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Batavia, Ohio starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Loans From Old Closed Lenders. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: INDUSTRIAL MACHINERY AND EQUIPMENT SBA Loan Lender LOANS FROM OLD CLOSED LENDERS This lender provides SBA commercial loans 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 5084 - Industrial Machinery and Equipment NAICS Code 421830 - Industrial Machinery and Equipment Wholesalers Loan Approval Date 1/19/2000 Loan Approval Gross Amount $207,500 Loan Approval from the SBA Of the total $207,500 loan amount, the SBA guaranteed $155,625. 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 2 employees. The SBA loan documents indicated that the loan would help generate 6 new jobs and retain 8 existing jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $207,500 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Good Banks for Small Business in Washington, District of Columbia Find an SBA Lender in District of Columbia
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