Raising Money for Saw Blade and Handsaw Manufacturing

With these business loans for saw blade and handsaw manufacturing, the SBA guarantees the lender that the loan will be repaid. This saw blade and handsaw manufacturing loan for $68,400 was given to a Washington entrepreneur in 2001.

This business knew how to go about getting a business bank loan. Based in Colville, Washington, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Bank Of America, based in Charlotte, North Carolina.

SBA Loan Borrower

COMPANY TYPE: SAW BLADE AND HANDSAW MANUFACTURING
COLVILLE, WA 99114

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

This loan for a small business 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

332213 - Saw Blade and Handsaw Manufacturing

Loan Approval Date

6/22/2001

Loan Approval Gross Amount

$68,400

Loan Approval from the SBA

Of the total $68,400 loan amount, the SBA guaranteed $34,200.

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 5 employees. The loan application indicated that the loan would help generate 1 new job and retain 5 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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.

Related Links:

Dealing With Venture Capitalists

SBA 7A Banks for Charlotte, North Carolina Loans

North Carolina SBA 7A Lenders