Financing for Ordnance and Accessories Manufacturing

Looking for commercial loans for ordnance and accessories manufacturing? Try the SBA. This $100,000 ordnance and accessories manufacturing loan was issued by a South Dakota bank.

This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with First Western Bank, out of Edgemont, South Dakota. The loan was granted and they received $100,000 to help grow their Edgemont, South Dakota business.

SBA Loan Borrower

COMPANY TYPE: ORDNANCE AND ACCESSORIES MANUFACTURING
EDGEMONT, SD 57735

SBA Loan Lender

FIRST WESTERN BANK
501 2ND AVE
EDGEMONT, SD 57735

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332995 - Ordnance and Accessories Manufacturing

Loan Approval Date

10/24/2001

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for 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 company promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Western Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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