Fabricated Metal Product Manufacturing Loans

With these loans for fabricated metal product manufacturing, the SBA guarantees the lender that the loan will be repaid. This fabricated metal product manufacturing loan for $1,402,000 was given to an Ohio entrepreneur in 2003.

This company knew how to go about getting a business bank loan. Based in Milford, Ohio, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Oak Hill Banks, based in Mason, Ohio.

SBA Loan Borrower

COMPANY TYPE: FABRICATED METAL PRODUCTS
MILFORD, OH 45150

SBA Loan Lender

OAK HILL BANKS
6501 MASON-MONTGOMERY RD
MASON, OH 45040

When it made this small business loan, this bank participated in the SBA's Certified Lenders Program (CLP). This program was created to ensure quick service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3499 - Fabricated Metal Products

NAICS Code

332999 - Fabricated Metal Product Manufacturing

Loan Approval Date

5/23/2003

Loan Approval Gross Amount

$1,402,000

Loan Approval from the SBA

Of the total $1,402,000 loan amount, the SBA guaranteed $999,991.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 40 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Oak Hill Banks so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Realistic Debt Financing Options

SBA Approved Banks in Mason, Ohio

SBA Ohio Lenders