Where to Get Capital for Overhead Traveling Crane, Hoist, and Monorail System Manufacturing

With these SBA loans for overhead traveling crane, hoist, and monorail system manufacturing, the SBA guarantees the lender that the loan will be repaid. This overhead traveling crane, hoist, and monorail system manufacturing loan for $250,000 was given to an Ohio entrepreneur in 2002.

Getting a small business loan in Norton, Ohio was important for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Westfield Bank, Fsb, operating out of Westfield Center, Ohio. Here are the details on this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: OVERHEAD TRAVELING CRANE, HOIST, AND MONORAIL SYSTEM MANUFACTURING
NORTON, OH 44203

SBA Loan Lender

WESTFIELD BANK, FSB
TWO PARK CIR
WESTFIELD CENTER, OH 44251

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333923 - Overhead Traveling Crane, Hoist, and Monorail System Manufacturing

Loan Approval Date

1/25/2002

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

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 8 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We can help you find the best banks for small businesses in Norton 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:

The Art of Bootstrapping

SBA 7A Banks for Westfield Center, Ohio Loans

SBA Participating Banks in Ohio