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May 3, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Cleveland, Business Loans > Key Direct, A Branch Of Cleveland Business Loans > Electronic Coil, Transformer, And Inductor Manufacturing Loan | ||||
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What Does It Take to Get a Business Loan in Piffard, New York?
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Getting an SBA Loan for Electronic Coil, Transformer, and Inductor ManufacturingLooking for business loans for electronic coil, transformer, and inductor manufacturing? Try the SBA. This $791,000 electronic coil, transformer, and inductor manufacturing loan was issued by an Ohio bank. This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Key Direct, A Branch Of, out of Cleveland, Ohio. The loan was granted and they received $791,000 to help grow their Piffard, New York business. SBA Loan Borrower COMPANY TYPE: ELECTRONIC COIL, TRANSFORMER, AND INDUCTOR MANUFACTURING SBA Loan Lender KEY DIRECT, A BRANCH OF The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 334416 - Electronic Coil, Transformer, and Inductor Manufacturing Loan Approval Date 9/24/2002 Loan Approval Gross Amount $791,000 Loan Approval from the SBA Of the total $791,000 loan amount, the SBA guaranteed $395,500. 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 60 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Key Direct, A Branch Of and they will explain how you can get an SBA loan for your company. 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:
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