How to Get a Loan for Concrete Block and Brick Manufacturing

Looking for commercial loans for concrete block and brick manufacturing? An SBA loan may be just what you've been looking for. This $557,000 concrete block and brick manufacturing loan was issued by a New York bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Clyde, New York was able to borrow $557,000 from The Lyons National Bank. The SBA made the loan possible by guaranteeing $417,750 of this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: CONCRETE BLOCK AND BRICK MANUFACTURING
CLYDE, NY 14433

SBA Loan Lender

THE LYONS NATIONAL BANK
41 SENECA ST
GENEVA, NY 14456

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide 7A business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

327331 - Concrete Block and Brick Manufacturing

Loan Approval Date

10/31/2006

Loan Approval Gross Amount

$557,000

Loan Approval from the SBA

Of the total $557,000 loan amount, the SBA guaranteed $417,750.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 6 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from The Lyons National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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