Glass and Glazing Contractors Business Loans

With these business loans for glass and glazing contractors, the SBA guarantees the lender that the loan will be repaid. This glass and glazing contractors loan for $130,000 was given to an Ohio entrepreneur in 2001.

This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Andover Bank, out of Andover, Ohio. The loan was granted and they received $130,000 to help grow their Rock Creek, Ohio business.

SBA Loan Borrower

COMPANY TYPE: GLASS AND GLAZING WORK
ROCK CREEK, OH 44084

SBA Loan Lender

ANDOVER BANK
19 PUBLIC SQ
ANDOVER, OH 44003

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.

SIC Code

1793 - Glass and Glazing Work

NAICS Code

235920 - Glass and Glazing Contractors

Loan Approval Date

6/14/2001

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $110,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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

Best Andover, Ohio Banks for Small Business

Getting a Business Loan in Ohio