Cleveland, Ohio Lender Lends Money to Machine Tools, Metal Forming Types Company
Thinking about meeting with a Cleveland, Ohio bank about an SBA loan? Here's one Pennsylvania business loan, issued by a Cleveland bank, that was approved by the SBA.
Applying for an SBA loan with Keybank National Association worked out well for our friends at one local company in Erie, Pennsylvania. The business was able to get an SBA loan for $1,625,000. Way to go!
SBA Loan Borrower
COMPANY TYPE: MACHINE TOOLS, METAL FORMING TYPES
ERIE, PA 16512
SBA Loan Lender
KEYBANK NATIONAL ASSOCIATION
127 PUBLIC SQ
CLEVELAND, OH 44114
This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
3542 - Machine Tools, Metal Forming Types
NAICS Code
333513 - Machine Tool Manufacturing
Loan Approval Date
3/31/2005
Loan Approval Gross Amount
$1,625,000
Loan Approval from the SBA
Of the total $1,625,000 loan amount, the SBA guaranteed $1,462,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 59 employees. The SBA loan documents did not indicate that the business planned to use the money to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
If you are raising money in Erie PA, you ought to talk with a local Erie SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Erie businesses.
This SBA loan was for $1,625,000. How would you spend $1,625,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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:
Debt Financing
SBA Banks in Cleveland, Ohio
Ohio SBA Banks