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December 22, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Akron, Business Loans > Firstmerit Bank Akron Business Loans > Measuring And Controlling Device Manufacturing Loan | ||||
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Banks in Akron, Ohio That Make SBA Loans
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Akron, Ohio Bank Lends Money to Measuring And Controlling Device Manufacturing Company in Bedford Heights, OhioGet to know Akron, Ohio banks that specialize in SBA loans and know how to work with entrepreneurs. Firstmerit Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Bedford Heights, Ohio starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Firstmerit Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: MEASURING AND CONTROLLING DEVICE MANUFACTURING SBA Loan Lender FIRSTMERIT BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 334519 - Measuring and Controlling Device Manufacturing Loan Approval Date 9/12/2005 Loan Approval Gross Amount $600,000 Loan Approval from the SBA Of the total $600,000 loan amount, the SBA guaranteed $540,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 25 employees. The SBA loan documents did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Firstmerit Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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: Advice on Getting a Small Business Loan
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