Bank Loans for Primary Aluminum Production

Looking for bank loans for primary aluminum production? Try the SBA. This $300,000 primary aluminum production loan was issued by a New York bank.

Getting a small business loan in Buffalo, New York was important for this growing firm back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Citibank, operating out of Buffalo, New York. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: PRIMARY ALUMINUM PRODUCTION
BUFFALO, NY 14204

SBA Loan Lender

CITIBANK
409 MAIN ST
BUFFALO, NY 14203

This loan for a small business 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.

NAICS Code

331312 - Primary Aluminum Production

Loan Approval Date

2/13/2001

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. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 37 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Citibank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Obtaining Funding - Friends and Family

SBA 7A Banks for Buffalo, New York Loans

Getting an SBA Loan in New York