Raising Money for Fabricated Metal Product Manufacturing

Looking for bank loans for fabricated metal product manufacturing? The SBA may be the answer. This $40,000 fabricated metal product manufacturing loan was issued by a Minnesota bank.

This company knew how to go about getting a business bank loan. Based in Duluth, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was National Bank Of Commerce, based in Duluth, Minnesota.

SBA Loan Borrower

COMPANY TYPE: SILVERWARE, PLATED WARE AND STAINLESS STEEL WARE
DULUTH, MN 55803

SBA Loan Lender

NATIONAL BANK OF COMMERCE
1314 E SUPERIOR ST
DULUTH, MN 55805

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3914 - Silverware, Plated Ware and Stainless Steel Ware

NAICS Code

332999 - Fabricated Metal Product Manufacturing

Loan Approval Date

3/27/2003

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 12 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient 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?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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