Steel Foundries Commercial Loans

With these commercial loans for steel foundries, the SBA guarantees the lender that the loan will be repaid. This steel foundries loan for $2,000,000 was given to an Alabama entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Auburn, Alabama was able to borrow $2,000,000 from Banco Popular North America. The SBA made the loan possible by guaranteeing $1,500,000 of this Alabama small business loan.

SBA Loan Borrower

COMPANY TYPE: STEEL FOUNDRIES
AUBURN, AL 36832

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

331513 - Steel Foundries

Loan Approval Date

7/13/2007

Loan Approval Gross Amount

$2,000,000

Loan Approval from the SBA

Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 46 employees. This SBA loan request indicated that the loan would help generate 6 new jobs and retain 46 existing jobs.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $2,000,000. How would you spend $2,000,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Alternative Financing

Find an SBA Lender in New York City, New York

SBA New York Lenders