Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

SBA 7A Banks for Cleveland, Ohio Small Business Owners

 

 
Loan Census SBA Loan Info

Plumbing, Heating, and Air Conditioning Contractors Small Business Loans

Looking for small business loans for plumbing, heating, and air conditioning contractors? Try the SBA. This $250,000 plumbing, heating, and air conditioning contractors loan was issued by an Ohio bank.

This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Firstmerit Bank, out of Akron, Ohio. The loan was granted and they received $250,000 to help grow their Cleveland, Ohio business.

SBA Loan Borrower

COMPANY TYPE: PLUMBING, HEATING, AND AIR CONDITIONING CONTRACTORS
CLEVELAND, OH 44103

SBA Loan Lender

FIRSTMERIT BANK
3 CASCADE PLZ
AKRON, OH 44308

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235110 - Plumbing, Heating, and Air Conditioning Contractors

Loan Approval Date

8/28/2002

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 75 employees. The SBA loan documents indicated that the loan would help retain 75 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Cleveland OH, you ought to talk with a local Cleveland SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cleveland businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Startup Funding Tip

SBA Approved Banks in Akron, Ohio

SBA Ohio Lenders