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December 19, 2024  
 
 
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Loan Census SBA Loan Info

Metal Stamping Small Business Loans

With these small business loans for metal stamping, the SBA guarantees the lender that the loan will be repaid. This metal stamping loan for $955,720 was given to an Illinois entrepreneur in 2002.

This company knew how to go about getting a business bank loan. Based in Arlington Heights, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was American Chartered Bank, based in Schaumburg, Illinois.

SBA Loan Borrower

COMPANY TYPE: METAL STAMPING
ARLINGTON HEIGHTS, IL 60005

SBA Loan Lender

AMERICAN CHARTERED BANK
1199 E HIGGINS RD
SCHAUMBURG, IL 60173

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332116 - Metal Stamping

Loan Approval Date

2/12/2002

Loan Approval Gross Amount

$955,720

Loan Approval from the SBA

Of the total $955,720 loan amount, the SBA guaranteed $716,790.

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 44 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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.

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