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November 21, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Cleveland, Business Loans > National City Bank Cleveland Business Loans > Full-Service Restaurants Loan | ||||
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Ohio SBA 7A Lenders
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Cleveland, Ohio Bank Lends Money to Full-Service Restaurants Company in Chicago, IllinoisThinking about meeting with a Cleveland, Ohio bank about a business loan? Here's one Illinois business loan, issued by a Cleveland bank, that was approved by the SBA. Applying for an SBA loan with National City Bank worked out well for our friends at one local firm in Chicago, Illinois. The business was able to get an SBA loan for $929,900. Great job! SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender NATIONAL CITY BANK This lender provides SBA commercial 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 722110 - Full-Service Restaurants Loan Approval Date 9/12/2007 Loan Approval Gross Amount $929,900 Loan Approval from the SBA Of the total $929,900 loan amount, the SBA guaranteed $697,425. 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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 21 existing jobs. Getting an SBA Loan For Your Business If you need money to start a business or need money to grow a business, an SBA loan can be a great funding source Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like National City Bank 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: Where to Get an SBA Loan in Cleveland, Ohio
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