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December 25, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Osgood, Business Loans > Osgood State Bank Osgood Business Loans > Manufacturing Loan | ||||
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Ohio Small Business Funding
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SBA Loans for ManufacturingWith these SBA loans for manufacturing, the SBA guarantees the lender that the loan will be repaid. This manufacturing loan for $731,000 was given to an Ohio entrepreneur in 2006. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Coldwater, Ohio was able to borrow $731,000 from Osgood State Bank. The SBA made the loan possible by guaranteeing $548,250 of this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: MANUFACTURING SBA Loan Lender OSGOOD STATE BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 339999 - Manufacturing Loan Approval Date 1/12/2006 Loan Approval Gross Amount $731,000 Loan Approval from the SBA Of the total $731,000 loan amount, the SBA guaranteed $548,250. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $731,000 loan. Remember, anyone can do it... so why not 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:
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