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November 15, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Parma, Business Loans > American National Bank Parma Business Loans > Plumbing, Heating, And Air Conditioning Contractors Loan | ||||
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Getting a Business Loan from American National Bank
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Business Loan from American National Bank Given to Plumbing, Heating, And Air Conditioning Contractors CompanyAn SBA loan from American National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Euclid, Ohio business owner got a $315,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Euclid, Ohio was able to borrow $315,000 from American National Bank. The SBA made the loan possible by guaranteeing $236,250 of this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: PLUMBING, HEATING, AND AIR CONDITIONING CONTRACTORS SBA Loan Lender AMERICAN NATIONAL BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. 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 1/5/2001 Loan Approval Gross Amount $315,000 Loan Approval from the SBA Of the total $315,000 loan amount, the SBA guaranteed $236,250. 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 15 employees. The loan application indicated that the funding would help create 4 new jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. We can help you find the best banks for small businesses in Euclid or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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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