Raising Money for Fabricated Metal Product Manufacturing

Looking for business loans for fabricated metal product manufacturing? The SBA may be the answer. This $125,000 fabricated metal product manufacturing loan was issued by an Illinois bank.

Getting a small business loan in Carlyle, Illinois was important for this business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from U.S. Bank National Association, operating out of Carlyle, Illinois. Here are the details on this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: FABRICATED METAL PRODUCTS
CARLYLE, IL 62231

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
510 8TH ST
CARLYLE, IL 62231

This bank 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

3499 - Fabricated Metal Products

NAICS Code

332999 - Fabricated Metal Product Manufacturing

Loan Approval Date

10/19/2000

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $93,750.

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 14 employees. The SBA loan documents did not indicate that the business planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

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.

Related Links:

Business Line of Credit

Find an SBA Lender in Carlyle, Illinois

Illinois SBA 7A Lenders