Raising Money for Iron and Steel Mills
With these business loans for iron and steel mills, the SBA guarantees the lender that the loan will be repaid. This iron and steel mills loan for $34,000 was given to a New Hampshire entrepreneur in 2003.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Auburn, New Hampshire was able to borrow $34,000 from Rbs Citizens. The SBA made the loan possible by guaranteeing $17,000 of this New Hampshire small business loan.
SBA Loan Borrower
COMPANY TYPE: IRON AND STEEL MILLS
AUBURN, NH 03032
SBA Loan Lender
RBS CITIZENS
875 ELM ST
MANCHESTER, NH 03101
This SBA bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
331111 - Iron and Steel Mills
Loan Approval Date
2/24/2003
Loan Approval Gross Amount
$34,000
Loan Approval from the SBA
Of the total $34,000 loan amount, the SBA guaranteed $17,000.
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 only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.
Getting an SBA Loan For Your Business
If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding.
This SBA loan was for $34,000. How would you spend $34,000 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.
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