Ameribank SBA Loan to Motor Vehicle Parts And Accessories Company

Searching for an Ohio SBA loan? Here's one Ohio business loan that was approved by the SBA.

This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Ameribank, out of Dillonvale, Ohio. The loan was granted and they received $590,800 to help grow their North Jackson, Ohio business.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE PARTS AND ACCESSORIES
NORTH JACKSON, OH 44451

SBA Loan Lender

AMERIBANK
MAIN & LIBERTY STS
DILLONVALE, OH 43917

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3714 - Motor Vehicle Parts and Accessories

Loan Approval Date

2/10/2000

Loan Approval Gross Amount

$590,800

Loan Approval from the SBA

Of the total $590,800 loan amount, the SBA guaranteed $443,100.

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 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient 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 loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $590,800. How would you spend $590,800 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Small Business Credit Cards

Small Bank Loans in Dillonvale, Ohio

Ohio SBA 7A Banks