Bank Loans for Spring Manufacturing

Looking for bank loans for spring manufacturing? Try the SBA. This $1,150,000 spring manufacturing loan was issued by a Massachusetts bank.

This company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Td Banknorth, out of Springfield, Massachusetts. The loan was granted and they received $1,150,000 to help grow their East Longmeadow, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: WIRE SPRINGS
EAST LONGMEADOW, MA 01028

SBA Loan Lender

TD BANKNORTH
1441 MAIN ST
SPRINGFIELD, MA 01103

This small business 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.

SIC Code

3495 - Wire Springs

NAICS Code

332612 - Spring Manufacturing

Loan Approval Date

9/1/2000

Loan Approval Gross Amount

$1,150,000

Loan Approval from the SBA

Of the total $1,150,000 loan amount, the SBA guaranteed $747,500.

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 30 employees. This SBA loan request did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Td Banknorth are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Raising Venture Capital

Small Business Banks in Springfield, Massachusetts

Massachusetts SBA 7A Banks