Where to Get Capital for Metal Valve and Pipe Fitting Manufacturing

Looking for small business loans for metal valve and pipe fitting manufacturing? The SBA may be the answer. This $46,800 metal valve and pipe fitting manufacturing loan was issued by an Iowa bank.

This company knew how to go about getting a business bank loan. Based in Alta, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Heritage Bank, based in Holstein, Iowa.

SBA Loan Borrower

COMPANY TYPE: METAL VALVE AND PIPE FITTING MANUFACTURING
ALTA, IA 51002

SBA Loan Lender

HERITAGE BANK
101 N MAIN ST
HOLSTEIN, IA 51025

This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332919 - Metal Valve and Pipe Fitting Manufacturing

Loan Approval Date

7/26/2007

Loan Approval Gross Amount

$46,800

Loan Approval from the SBA

Of the total $46,800 loan amount, the SBA guaranteed $39,780.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 5 employees. The loan application indicated that the loan would help generate 5 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Getting a Small Business Loan

Best Banks in Holstein, Iowa

Iowa SBA 7A Lenders