Borrowing Money for Office Equipment Wholesalers

With these loans for office equipment wholesalers, the SBA guarantees the lender that the loan will be repaid. This office equipment wholesalers loan for $150,000 was given to an Ohio entrepreneur in 2003.

Getting a small business loan in Canal Fulton, Ohio was important for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from First Place Bank, operating out of Warren, Ohio. Here are the details on this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: OFFICE EQUIPMENT WHOLESALERS
CANAL FULTON, OH 44614

SBA Loan Lender

FIRST PLACE BANK
185 E MARKET ST
WARREN, OH 44481

This commercial loan 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

421420 - Office Equipment Wholesalers

Loan Approval Date

4/25/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

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 6 employees. This SBA loan request indicated that the loan would help retain 6 existing jobs.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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

Banks in Warren, Ohio

Getting an SBA Loan in Ohio