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December 19, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Middlefield, Business Loans > Middlefield Bank Co Middlefield Business Loans > Manufactured Ice Loan | ||||
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SBA Lender Middlefield, Ohio
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Middlefield, Ohio Bank Gives SBA Loan to Manufactured Ice CompanyFind Middlefield, Ohio banks that specialize in business loans and know how to work with entrepreneurs. Middlefield Bank Co is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Middlefield, Ohio starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Middlefield Bank Co. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: MANUFACTURED ICE SBA Loan Lender MIDDLEFIELD BANK CO This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2097 - Manufactured Ice NAICS Code 312113 - Ice Manufacturing Loan Approval Date 4/27/2001 Loan Approval Gross Amount $95,300 Loan Approval from the SBA Of the total $95,300 loan amount, the SBA guaranteed $81,005. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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. Related Links: SBA Participating Banks in Middlefield, Ohio
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