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May 18, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Pepper Pike, Business Loans > Citizens Bank Pepper Pike Business Loans > Plumbing, Heating, And Air-Conditioning Contractors Loan | ||||
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SBA Lenders That Lend to Ohio Businesses
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Ohio Small Business Loan Issued to Plumbing, Heating, And Air-Conditioning Contractors CompanySBA loans in Ohio are tough to come by these days. We take a look at one Ohio SBA loan, provided by an Ohio bank, that was approved by the SBA. By giving the right information to Citizens Bank, this Hudson, Ohio business was able to get an SBA loan. To get this loan, the applying company gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: PLUMBING, HEATING, AND AIR-CONDITIONING CONTRACTORS SBA Loan Lender CITIZENS BANK This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238220 - Plumbing, Heating, and Air-Conditioning Contractors Loan Approval Date 2/17/2005 Loan Approval Gross Amount $242,000 Loan Approval from the SBA Of the total $242,000 loan amount, the SBA guaranteed $181,500. 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 8 employees. The SBA loan application for the borrower indicated that the loan would help retain 8 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Citizens Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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 From a Venture Capitalist SBA Participating Banks in Pepper Pike, Ohio SBA Participating Banks in Ohio
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