How to Get a Loan for General Long-Distance Freight Trucking

Looking for business loans for general long-distance freight trucking? An SBA loan may be just what you've been looking for. This $10,000 general long-distance freight trucking loan was issued by an Ohio bank.

This small business knew how to go about getting a business bank loan. Based in Garfield Hts, Ohio, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Firstmerit Bank, based in Akron, Ohio.

SBA Loan Borrower

COMPANY TYPE: GENERAL LONG-DISTANCE FREIGHT TRUCKING
GARFIELD HTS, OH 44125

SBA Loan Lender

FIRSTMERIT BANK
3 CASCADE PLZ
AKRON, OH 44308

This lender processed this SBA business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

484121 - General Long-Distance Freight Trucking

Loan Approval Date

4/14/2006

Loan Approval Gross Amount

$10,000

Loan Approval from the SBA

Of the total $10,000 loan amount, the SBA guaranteed $5,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. The loan application indicated that the funding would help generate 1 new job.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Garfield Hts OH, you ought to talk with a local Garfield Hts SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Garfield Hts businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

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SBA Banks in Akron, Ohio

SBA Lenders in Ohio