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May 12, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Sidney, Business Loans > First National Bank In New Bremen Sidney Business Loans > Primary Metal Products Loan | ||||
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Ohio Bank SBA Loans
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First National Bank In New Bremen SBA Loan to Primary Metal Products CompanyWant an Ohio business loan? Here's one Ohio business loan that was approved by the SBA. This local small business knew how to go about getting a business bank loan. Based in Sidney, Ohio, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was First National Bank In New Bremen, based in Sidney, Ohio. SBA Loan Borrower COMPANY TYPE: PRIMARY METAL PRODUCTS SBA Loan Lender FIRST NATIONAL BANK IN NEW BREMEN This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3399 - Primary Metal Products Loan Approval Date 8/9/2000 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $32,000. 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. The SBA loan application for the borrower did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in Sidney or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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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