Mccomb, Ohio Business Gets SBA-Guaranteed Funding from First Fed. Bank - Midwest

An SBA loan from First Fed. Bank - Midwest typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Mccomb, Ohio business owner got a $111,500 loan.

This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with First Fed. Bank - Midwest, out of Findlay, Ohio. The loan was granted and they received $111,500 to help grow their Mccomb, Ohio business.

SBA Loan Borrower

COMPANY TYPE: MACHINE SHOPS
MCCOMB, OH 45858

SBA Loan Lender

FIRST FED. BANK - MIDWEST
301 S MAIN ST
FINDLAY, OH 45840

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332710 - Machine Shops

Loan Approval Date

5/15/2007

Loan Approval Gross Amount

$111,500

Loan Approval from the SBA

Of the total $111,500 loan amount, the SBA guaranteed $94,775.

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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First Fed. Bank - Midwest are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for 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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