BizLoanFunding is pleased to announce that we recently closed a $2,775,000 SBA 7(a) loan to a precision machine shop located in northeast Ohio. The financing package benefits the small business by reducing monthly debt service by 52% and provides permanent working capital to create additional employment opportunities. In addition to the SBA 7(a) loan, BizLoanFunding also arranged a conventional $750,000 working capital line-of-credit to help the company cash flow their new customer growth. The entire project was a total team effort between BizLoanFunding and its community bank, lender service provider and working capital lender partners. As a result of this cooperative effort, 30 jobs were saved and an estimated 20 new skilled jobs will be created in the near future. BizLoanFunding is an SBA loan and working capital consulting firm working with both individual small businesses to obtain SBA and working capital funding along with providing comprehensive SBA loan and working capital funding services to its community bank partners. For additional information, contact us at 888.613.4988. |
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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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