Bank Loans for Explosives Manufacturing

With these bank loans for explosives manufacturing, the SBA guarantees the lender that the loan will be repaid. This explosives manufacturing loan for $300,000 was given to an Illinois entrepreneur in 2006.

This small firm knew how to go about getting a business bank loan. Based in Alton, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Liberty Bank, based in Alton, Illinois.

SBA Loan Borrower

COMPANY TYPE: EXPLOSIVES
ALTON, IL 62002

SBA Loan Lender

LIBERTY BANK
2403 HOMER ADAMS PKWY
ALTON, IL 62002

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2892 - Explosives

NAICS Code

325920 - Explosives Manufacturing

Loan Approval Date

4/11/2006

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

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 35 employees. The loan application did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Business Credit Evaluation

SBA Banks in Alton, Illinois

SBA Lenders in Illinois