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May 10, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Cleveland, Business Loans > National City Bank Cleveland Business Loans > Fabricated Structural Metal Manufacturing Loan | ||||
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We Needed an SBA 7A Loan in Bedford, Ohio and We Got One!
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Fabricated Structural Metal Manufacturing Commercial LoansLooking for commercial loans for fabricated structural metal manufacturing? An SBA loan may be just what you've been looking for. This $75,000 fabricated structural metal manufacturing loan was issued by an Ohio bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bedford, Ohio was able to borrow $75,000 from National City Bank. The SBA made the loan possible by guaranteeing $37,500 of this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: FABRICATED STRUCTURAL METAL MANUFACTURING SBA Loan Lender NATIONAL CITY BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 332312 - Fabricated Structural Metal Manufacturing Loan Approval Date 8/23/2002 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $37,500. 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 10 employees. The SBA loan application for the borrower indicated that the loan would help retain 10 existing jobs. Next Steps for Getting an SBA Loan Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA Participating Banks in Cleveland, Ohio Browse All Business Loan Sources for Ohio
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