Where to Get Capital for Machine Tool Manufacturing

Looking for small business loans for machine tool manufacturing? Try the SBA. This $512,000 machine tool manufacturing loan was issued by a Colorado bank.

This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Farmers State Bank, out of Calhan, Colorado. The loan was granted and they received $512,000 to help grow their Colorado Springs, Colorado business.

SBA Loan Borrower

COMPANY TYPE: MACHINE TOOL MANUFACTURING
COLORADO SPRINGS, CO 80915

SBA Loan Lender

FARMERS STATE BANK
458 COLORADO AVE
CALHAN, CO 80808

This 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.

NAICS Code

333512 - Machine Tool Manufacturing

Loan Approval Date

4/22/2003

Loan Approval Gross Amount

$512,000

Loan Approval from the SBA

Of the total $512,000 loan amount, the SBA guaranteed $384,000.

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 8 employees. The SBA loan documents did not indicate that the company promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

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 $512,000 loan. Remember, fight for what you want, and it will be yours!

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:

The Friends and Family Network

Where to Get an SBA Loan in Calhan, Colorado

Getting an SBA Loan in Colorado