Financing for Lessors of Nonresidential Buildings

Looking for loans for lessors of nonresidential buildings? Try the SBA. This $466,500 lessors of nonresidential buildings loan was issued by an Ohio bank.

This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Firstmerit Bank, out of Akron, Ohio. The loan was granted and they received $466,500 to help grow their Akron, Ohio business.

SBA Loan Borrower

COMPANY TYPE: LESSORS OF NONRESIDENTIAL BUILDINGS
AKRON, OH 44333

SBA Loan Lender

FIRSTMERIT BANK
3 CASCADE PLZ
AKRON, OH 44308

This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

531120 - Lessors of Nonresidential Buildings

Loan Approval Date

4/9/2004

Loan Approval Gross Amount

$466,500

Loan Approval from the SBA

Of the total $466,500 loan amount, the SBA guaranteed $349,875.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 2 employees. This SBA loan request indicated that the borrowed money would help create 2 new jobs.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Akron OH, you ought to talk with a local Akron SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Akron businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Firstmerit Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Firstmerit Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Microlending as a Small Business Funding Source

SBA Participating Banks in Akron, Ohio

SBA Participating Banks in Ohio