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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 > Jewelry Stores Loan | ||||
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Ohio Small Business Funding
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Loans for Jewelry StoresWith these loans for jewelry stores, the SBA guarantees the lender that the loan will be repaid. This jewelry stores loan for $65,000 was given to an Ohio entrepreneur in 2003. This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Middlefield Bank Co, out of Middlefield, Ohio. The loan was granted and they received $65,000 to help grow their Newton Falls, Ohio business. SBA Loan Borrower COMPANY TYPE: JEWELRY STORES SBA Loan Lender MIDDLEFIELD BANK CO This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 448310 - Jewelry Stores Loan Approval Date 10/24/2003 Loan Approval Gross Amount $65,000 Loan Approval from the SBA Of the total $65,000 loan amount, the SBA guaranteed $55,250. 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 only one employee. This SBA loan request did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start a business or need money for an existing business, an SBA loan can be a great source of funding. We can help you find the best banks for small businesses in Newton Falls or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Determining Proper Capital Structure for a Business Who Lends Money to Small Businesses in Middlefield, Ohio
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