 |
 |
May 5, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Ohio Business Loan Sources > Akron, Business Loans > Firstmerit Bank Akron Business Loans > Furniture Stores Loan | ||||
 |
||||
Akron, Ohio SBA 7A Banks
|
||||
 |
Akron, Ohio Lender Lends Money to Furniture Stores CompanyWant to talk with an Akron, Ohio bank about a business loan? Here's one Ohio business loan, issued by an Akron bank, that was approved by the SBA. Applying for an SBA loan with Firstmerit Bank worked out well for our friends at one local firm in Cleveland, Ohio. They received an SBA loan for $220,100. Nice! SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender FIRSTMERIT BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442110 - Furniture Stores Loan Approval Date 7/21/2006 Loan Approval Gross Amount $220,100 Loan Approval from the SBA Of the total $220,100 loan amount, the SBA guaranteed $165,075. 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 no employees. The loan application did not indicate that the business promised 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 provide money to small business owners for working capital for other expenses. 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 $220,100 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: SBA Approved Banks in Akron, Ohio
|
|
||
|
||||
|
|
||||