Raising Money for Abrasive Product Manufacturing

Looking for business loans for abrasive product manufacturing? The SBA may be the answer. This $400,000 abrasive product manufacturing loan was issued by an Ohio bank.

This business knew how to go about getting a business bank loan. Based in Barberton, Ohio, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Dollar Bank A Fed. Savings Bk, based in Cleveland, Ohio.

SBA Loan Borrower

COMPANY TYPE: ABRASIVE PRODUCT MANUFACTURING
BARBERTON, OH 44203

SBA Loan Lender

DOLLAR BANK A FED. SAVINGS BK
1301 E 9TH ST
CLEVELAND, OH 44114

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

327910 - Abrasive Product Manufacturing

Loan Approval Date

2/23/2007

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

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 12 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We can help you find the best banks for small businesses in Barberton 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.

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