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November 15, 2024 |
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| Home > Small Business Lenders by State > West Virginia Business Loan Sources > Saint Clairsville, Business Loans > Ameribank Saint Clairsville Business Loans > Industrial And Commercial Machinery And Equipment Loan | ||||
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Saint Clairsville, Ohio SBA Banks
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Entrepreneur Works With Saint Clairsville, Ohio Bank to Get an SBA LoanGet to know Saint Clairsville, Ohio banks that specialize in SBA loans and know how to work with entrepreneurs. Ameribank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Triadelphia, West Virginia starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Ameribank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: INDUSTRIAL AND COMMERCIAL MACHINERY AND EQUIPMENT SBA Loan Lender AMERIBANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3599 - Industrial and Commercial Machinery and Equipment NAICS Code 332710 - Machine Shops Loan Approval Date 1/11/2001 Loan Approval Gross Amount $285,000 Loan Approval from the SBA Of the total $285,000 loan amount, the SBA guaranteed $213,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Ameribank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Banking Deregulation's Effects on Entrepreneurship Good Banks for Small Business in Saint Clairsville, Ohio
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