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November 15, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Newbury, Business Loans > Geauga Savings Bank Newbury Business Loans > Wood Container And Pallet Manufacturing Loan | ||||
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Newbury Bank Loan
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Newbury, Ohio Lender Lends Money to Wood Container And Pallet Manufacturing CompanyThinking about meeting with a Newbury, Ohio bank about a business loan? Here's one Ohio business loan, issued by a Newbury bank, that was approved by the SBA. Applying for an SBA loan with Geauga Savings Bank worked out well for our friends at one local business in Middlefield, Ohio. They received an SBA loan for $200,000. Way to go! SBA Loan Borrower COMPANY TYPE: WOOD CONTAINER AND PALLET MANUFACTURING SBA Loan Lender GEAUGA SAVINGS BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 321920 - Wood Container and Pallet Manufacturing Loan Approval Date 6/30/2003 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 2 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Dealing With Venture Capitalists Browse All Business Loan Sources for Ohio
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