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November 14, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Cleveland, Business Loans > National City Bank Cleveland Business Loans > Sheet Metal Work Manufacturing Loan | ||||
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National City Bank
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SBA Loan from National City Bank Helps Sheet Metal Work Manufacturing CompanyNational City Bank has a track record as a leading provider of SBA loans. Find out how this Indiana entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Anderson, Indiana was able to borrow $146,000 from National City Bank. The SBA made the loan possible by guaranteeing $73,000 of this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: SHEET METAL WORK MANUFACTURING SBA Loan Lender NATIONAL CITY BANK This debt financing was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 332322 - Sheet Metal Work Manufacturing Loan Approval Date 7/25/2007 Loan Approval Gross Amount $146,000 Loan Approval from the SBA Of the total $146,000 loan amount, the SBA guaranteed $73,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 3 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 Anderson IN, you ought to talk with a local Anderson SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Anderson businesses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like National City 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: How Much Venture Capital Is There? Small Business Banks in Cleveland, Ohio
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