Heavy Duty Truck Manufacturing SBA Loans

Looking for SBA loans for heavy duty truck manufacturing? Try the SBA. This $670,000 heavy duty truck manufacturing loan was issued by an Ohio bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Carey, Ohio was able to borrow $670,000 from First Fed. Bank - Midwest. The SBA made the loan possible by guaranteeing $502,500 of this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: TRUCK AND BUS BODIES
CAREY, OH 43316

SBA Loan Lender

FIRST FED. BANK - MIDWEST
301 S MAIN ST
FINDLAY, OH 45840

This lender issued this SBA loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3713 - Truck and Bus Bodies

NAICS Code

336120 - Heavy Duty Truck Manufacturing

Loan Approval Date

12/18/2000

Loan Approval Gross Amount

$670,000

Loan Approval from the SBA

Of the total $670,000 loan amount, the SBA guaranteed $502,500.

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 80 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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 way to raise money

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Fed. Bank - Midwest that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

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Best Findlay, Ohio Banks for Small Business

SBA Participating Banks in Ohio