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November 14, 2024  
 
 
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We Needed a Business Loan in Lancaster, New York and We Got One!

 

 
Loan Census SBA Loan Info

Small Business Loans for Machine Shops

Looking for small business loans for machine shops? An SBA loan may be just what you've been looking for. This $150,000 machine shops loan was issued by an Ohio bank.

This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Keybank National Association, out of Cleveland, Ohio. The loan was granted and they received $150,000 to help grow their Lancaster, New York business.

SBA Loan Borrower

COMPANY TYPE: MACHINE SHOPS
LANCASTER, NY 14086

SBA Loan Lender

KEYBANK NATIONAL ASSOCIATION
127 PUBLIC SQ
CLEVELAND, OH 44114

This lender processed this 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

332710 - Machine Shops

Loan Approval Date

10/10/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 38 employees. The loan application indicated that the loan would help retain 38 existing jobs.

Getting an SBA Loan For Your Business

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 Lancaster 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.

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