Business Loan from Keybank National Association Given to Manifold Business Forms Printing Company

Keybank National Association has a track record as a leading provider of SBA loans. Find out how this Michigan entrepreneur received an SBA loan from them.

This growing company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Keybank National Association, out of Cleveland, Ohio. The loan was granted and they received $1,466,000 to help grow their Sturgis, Michigan business.

SBA Loan Borrower

COMPANY TYPE: MANIFOLD BUSINESS FORMS PRINTING
STURGIS, MI 49091

SBA Loan Lender

KEYBANK NATIONAL ASSOCIATION
127 PUBLIC SQ
CLEVELAND, OH 44114

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

323116 - Manifold Business Forms Printing

Loan Approval Date

5/22/2002

Loan Approval Gross Amount

$1,466,000

Loan Approval from the SBA

Of the total $1,466,000 loan amount, the SBA guaranteed $999,987.

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 47 employees. This SBA loan request indicated that the loan would help generate 12 new jobs and retain 47 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This SBA loan was for $1,466,000. How would you spend $1,466,000 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:

Debt Financing

Best Cleveland, Ohio Banks for Small Business

SBA Lenders in Ohio