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May 15, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Parma, Business Loans > American National Bank Parma Business Loans > Frozen Fruit, Juice, And Vegetable Manufacturing Loan | ||||
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Parma, Ohio SBA Banks
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Parma, Ohio Bank Lends Money to Frozen Fruit, Juice, And Vegetable Manufacturing Company in Byesville, OhioA Parma, Ohio small business loan can be yours. Learn how one firm got a $1,000,000 business loan from this Ohio bank. This loan to an entrepreneur 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 Ohio 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: FROZEN FRUIT, JUICE, AND VEGETABLE MANUFACTURING SBA Loan Lender AMERICAN NATIONAL BANK This SBA bank loan was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA delivers a quick answer on whether the loan qualifies. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311411 - Frozen Fruit, Juice, and Vegetable Manufacturing Loan Approval Date 11/21/2003 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 106 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from American National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Small Business Banks in Parma, Ohio
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