Get an SBA Loan for Nondurable Goods Wholesalers

Looking for loans for nondurable goods wholesalers? Try the SBA. This $42,400 nondurable goods wholesalers loan was issued by an Ohio bank.

This company 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 2006. The lending bank was Western Reserve Bank, based in Medina, Ohio.

SBA Loan Borrower

COMPANY TYPE: NONDURABLE GOODS WHOLESALERS
BARBERTON, OH 44203

SBA Loan Lender

WESTERN RESERVE BANK
4015 MEDINA RD
MEDINA, OH 44256

This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

422990 - Nondurable Goods Wholesalers

Loan Approval Date

5/31/2006

Loan Approval Gross Amount

$42,400

Loan Approval from the SBA

Of the total $42,400 loan amount, the SBA guaranteed $21,200.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? 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:

Microlending as a Small Business Funding Source

Banks in Medina, Ohio

Getting a Business Loan in Ohio