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May 14, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Cincinnati, Business Loans > U.S. Bank National Association Cincinnati Business Loans > Structural Wood Members Loan | ||||
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U.S. Bank National Association
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U.S. Bank National Association SBA Loan to Structural Wood Members CompanyAn SBA loan from U.S. Bank National Association typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Delray Beach, Florida business owner got a $1,363,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Delray Beach, Florida was able to borrow $1,363,000 from U.S. Bank National Association. The SBA made the loan possible by guaranteeing $749,990 of this Florida small business loan. SBA Loan Borrower COMPANY TYPE: STRUCTURAL WOOD MEMBERS SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION 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. SIC Code 2439 - Structural Wood Members NAICS Code 321214 - Truss Manufacturing Loan Approval Date 3/15/2000 Loan Approval Gross Amount $1,363,000 Loan Approval from the SBA Of the total $1,363,000 loan amount, the SBA guaranteed $749,990. 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 175 employees. The SBA loan application for the borrower did not indicate that the company planned 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 smart, affordable business financing for small businesses looking to expand. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Obtaining Funding - Friends and Family SBA 7A Lenders in Cincinnati, Ohio
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