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November 21, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Cleveland, Business Loans > Keybank National Association Cleveland Business Loans > General Automotive Repair Shops Loan | ||||
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Cleveland SBA Lenders
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Cleveland, Ohio Bank Gives SBA Loan to General Automotive Repair Shops CompanyThinking about meeting with a Cleveland, Ohio bank about a small business loan? Here's one Colorado business loan, issued by a Cleveland bank, that was approved by the SBA. Applying for an SBA loan with Keybank National Association worked out well for our friends at one local firm in Denver, Colorado. They got an SBA loan for $923,000. Way to go! SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SHOPS SBA Loan Lender KEYBANK NATIONAL ASSOCIATION This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7538 - General Automotive Repair Shops NAICS Code 811111 - General Automotive Repair Loan Approval Date 2/4/2000 Loan Approval Gross Amount $923,000 Loan Approval from the SBA Of the total $923,000 loan amount, the SBA guaranteed $692,250. 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 15 employees. The SBA loan documents indicated that the loan would help generate 15 new jobs and retain 15 existing jobs. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Keybank National Association and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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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