Tobacco and Tobacco Product Wholesalers SBA Loans

With these SBA loans for tobacco and tobacco product wholesalers, the SBA guarantees the lender that the loan will be repaid. This tobacco and tobacco product wholesalers loan for $250,000 was given to an Ohio entrepreneur in 2001.

This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Firstmerit Bank, out of Akron, Ohio. The loan was granted and they received $250,000 to help grow their Maple Heights, Ohio business.

SBA Loan Borrower

COMPANY TYPE: TOBACCO AND TOBACCO PRODUCT WHOLESALERS
MAPLE HEIGHTS, OH 44137

SBA Loan Lender

FIRSTMERIT BANK
3 CASCADE PLZ
AKRON, OH 44308

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

422940 - Tobacco and Tobacco Product Wholesalers

Loan Approval Date

11/21/2001

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $125,000.

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 5 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you have been wondering how do i get money to start a business in Maple Heights OH, you ought to talk with a local Maple Heights SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Maple Heights businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $250,000 loan. Remember, anyone can do it... so why not you?

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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