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November 15, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Cleveland, Business Loans > Keybank National Association Cleveland Business Loans > Air-Conditioning And Warm Air Heating Equipment Loan | ||||
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Keybank National Association
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Belpre, Ohio Business Gets SBA-Guaranteed Funding from Keybank National AssociationKeybank National Association is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Ohio entrepreneur who tapped into the power of SBA loans. This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Keybank National Association, out of Cleveland, Ohio. The loan was granted and they received $1,030,000 to help grow their Belpre, Ohio business. SBA Loan Borrower COMPANY TYPE: AIR-CONDITIONING AND WARM AIR HEATING EQUIPMENT SBA Loan Lender KEYBANK NATIONAL ASSOCIATION This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333415 - Air-Conditioning and Warm Air Heating Equipment Loan Approval Date 5/28/2004 Loan Approval Gross Amount $1,030,000 Loan Approval from the SBA Of the total $1,030,000 loan amount, the SBA guaranteed $772,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 12 employees. This SBA loan request indicated that the loan would help retain 12 existing jobs. Next Steps for Getting an SBA Loan 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. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Keybank National Association and they will explain how you can get an SBA loan for your company. 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? Find an SBA Lender in Cleveland, Ohio
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