Where to Get Capital for Machine Tool Manufacturing

Looking for small business loans for machine tool manufacturing? The SBA may be the answer. This $150,000 machine tool manufacturing loan was issued by a Maryland bank.

This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Susquehanna Bank, out of Baltimore, Maryland. The loan was granted and they received $150,000 to help grow their Baltimore, Maryland business.

SBA Loan Borrower

COMPANY TYPE: ARCHITECTURAL AND ORNAMENTAL METAL WORK
BALTIMORE, MD 21224

SBA Loan Lender

SUSQUEHANNA BANK
100 WEST RD
BALTIMORE, MD 21204

This small 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.

SIC Code

3446 - Architectural and Ornamental Metal Work

NAICS Code

333513 - Machine Tool Manufacturing

Loan Approval Date

12/11/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 23 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, things become real when you believe you can achieve them!

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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Banks in Baltimore, Maryland

Maryland SBA Bank Lenders