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May 13, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Canton, Business Loans > The Huntington National Bank Canton Business Loans > Boat Dealers Loan | ||||
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Business Loans for Newark Small Businesses
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Financing for Boat DealersWith these loans for boat dealers, the SBA guarantees the lender that the loan will be repaid. This boat dealers loan for $225,000 was given to an Ohio entrepreneur in 2002. This company knew how to go about getting a business bank loan. Based in Newark, Ohio, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was The Huntington National Bank, based in Canton, Ohio. SBA Loan Borrower COMPANY TYPE: BOAT DEALERS SBA Loan Lender THE HUNTINGTON NATIONAL BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 441222 - Boat Dealers Loan Approval Date 11/26/2002 Loan Approval Gross Amount $225,000 Loan Approval from the SBA Of the total $225,000 loan amount, the SBA guaranteed $168,750. 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 6 employees. This SBA loan request indicated that the loan would help retain 6 existing jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This SBA loan was for $225,000. How would you spend $225,000 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: Banking Deregulation's Effects on Entrepreneurship Who Lends Money to Small Businesses in Canton, Ohio
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