Commercial Loans for General Merchandise Stores
Looking for commercial loans for general merchandise stores? The SBA may be the answer. This $1,520,000 general merchandise stores loan was issued by an Ohio bank.
This business knew how to go about getting a business bank loan. Based in Pasadena, California, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was U.S. Bank National Association, based in Cincinnati, Ohio.
SBA Loan Borrower
COMPANY TYPE: GENERAL MERCHANDISE STORES
PASADENA, CA 91107
SBA Loan Lender
U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202
This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
452990 - General Merchandise Stores
Loan Approval Date
6/9/2004
Loan Approval Gross Amount
$1,520,000
Loan Approval from the SBA
Of the total $1,520,000 loan amount, the SBA guaranteed $1,140,000.
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 documents indicated that the loan would help retain 8 existing jobs.
Next Steps for Getting an SBA Loan
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.
This SBA loan was for $1,520,000. How would you spend $1,520,000 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:
Advice on Getting a Small Business Loan
SBA Approved Banks in Cincinnati, Ohio
SBA Ohio Lenders