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December 19, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Parma, Business Loans > American National Bank Parma Business Loans > Baked Goods Stores Loan | ||||
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American National Bank
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American National Bank SBA Loan to Baked Goods Stores CompanyAmerican National Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how an Ohio entrepreneur was able to get a loan to take a small business to the next level. This growing company knew how to go about getting a business bank loan. Based in Parma, Ohio, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was American National Bank, based in Parma, Ohio. SBA Loan Borrower COMPANY TYPE: BAKED GOODS STORES SBA Loan Lender AMERICAN NATIONAL BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445291 - Baked Goods Stores Loan Approval Date 6/1/2001 Loan Approval Gross Amount $146,400 Loan Approval from the SBA Of the total $146,400 loan amount, the SBA guaranteed $124,440. 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 12 employees. This SBA loan request indicated that the loan would help retain 12 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source This SBA loan was for $146,400. How would you spend $146,400 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:
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