Working as a team, BizLoanFunding and our community bank partner are proud to announce approval of a $2,775,000 SBA 7(a) loan to a precision machine shop in northeast Ohio. The financing package benefits the small business by reducing monthly debt service 52% and providing permanent working capital to create additional skilled jobs. A $750,000 line-of-credit was arranged to help the company cash flow the new customer growth. The bottom line??? The restructured financing helped the company save 30 jobs, finance its future growth and positions them to create 20 new skilled jobs in the near term. The community bank is able to maintain and strengthen its deposit and borrowing relationship with the company. BizLoanFunding facilitates SBA loans with individual businesses needing financing as well as community banks needing assistance to provide SBA loans to their clients. If you are a community bank with a desire to do more SBA lending, or you have a client in need of an SBA loan, we may be able to help. |
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CategoriesAnother Done Deal - The DetailsBizLoanFunding.com In The News Community Banks New Loan Approved Self-Storage Businesses Are Now Eligible For SBA Financing We Get RESULTS! 80% APPROVAL RATIO THIS YEAR! |
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