 |
 |
May 12, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Ohio Business Loan Sources > Cleveland, Business Loans > National City Bank Cleveland Business Loans > Cutting Tool And Machine Tool Accessory Manufacturing Loan | ||||
 |
||||
What Does It Take to Get a Business Loan in Strongsville, Ohio?
|
||||
 |
Cutting Tool and Machine Tool Accessory Manufacturing Bank LoansLooking for bank loans for cutting tool and machine tool accessory manufacturing? Talk to a banker who works with the SBA. This $187,800 cutting tool and machine tool accessory manufacturing loan was issued by an Ohio bank. This small firm knew how to go about getting a business bank loan. Based in Strongsville, Ohio, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was National City Bank, based in Cleveland, Ohio. SBA Loan Borrower COMPANY TYPE: CUTTING TOOL AND MACHINE TOOL ACCESSORY MANUFACTURING SBA Loan Lender NATIONAL CITY BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333515 - Cutting Tool and Machine Tool Accessory Manufacturing Loan Approval Date 12/10/2004 Loan Approval Gross Amount $187,800 Loan Approval from the SBA Of the total $187,800 loan amount, the SBA guaranteed $140,850. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 24 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: A Company That Helps Entrepreneurs SBA 7A Banks for Cleveland, Ohio Loans
|
|
||
|
||||
|
|
||||