Concord, Ohio Entrepreneur Gets an SBA Loan

OhioSBA loans are available to Ohio entrepreneurs through the SBA. In this case, an Ohio bank provides the loan.

You can learn something about getting a small business loan in Concord, Ohio by studying this loan to a local business, made back in 2004. Banks like American National Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
CONCORD, OH 44077

SBA Loan Lender

AMERICAN NATIONAL BANK
5603 RIDGE RD
PARMA, OH 44129

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

11/26/2004

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $450,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help create 35 new jobs.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Concord OH, you ought to talk with a local Concord SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Concord businesses.

We can help you find the best banks for small businesses in Concord or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Advice on Getting a Small Business Loan

SBA 7A Banks for Parma, Ohio Loans

Getting an SBA Loan in Ohio