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May 16, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Salineville, Business Loans > The Huntington National Bank Salineville Business Loans > Aluminum Extruded Product Manufacturing Loan | ||||
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The Huntington National Bank
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The Huntington National Bank SBA Loan to Aluminum Extruded Product Manufacturing CompanyThe Huntington National Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Ohio entrepreneur who tapped into the power of SBA loans. This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with The Huntington National Bank, out of Salineville, Ohio. The loan was granted and they received $50,000 to help grow their Youngstown, Ohio business. SBA Loan Borrower COMPANY TYPE: ALUMINUM EXTRUDED PRODUCT MANUFACTURING SBA Loan Lender THE HUNTINGTON NATIONAL BANK The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 331316 - Aluminum Extruded Product Manufacturing Loan Approval Date 7/19/2005 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 4 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to raise money for a company in Youngstown OH, you ought to talk with a local Youngstown SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Youngstown businesses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like The Huntington National 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: Small Bank Loans in Salineville, Ohio
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