SBA Loans for Nonferrous Foundries

With these SBA loans for nonferrous foundries, the SBA guarantees the lender that the loan will be repaid. This nonferrous foundries loan for $27,500 was given to an Idaho entrepreneur in 2006.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Coeur D Alene, Idaho was able to borrow $27,500 from Bank Of America. The SBA made the loan possible by guaranteeing $13,750 of this Idaho small business loan.

SBA Loan Borrower

COMPANY TYPE: NONFERROUS FOUNDRIES
COEUR D ALENE, ID 83815

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

This small business 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

331528 - Nonferrous Foundries

Loan Approval Date

8/30/2006

Loan Approval Gross Amount

$27,500

Loan Approval from the SBA

Of the total $27,500 loan amount, the SBA guaranteed $13,750.

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 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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