Nonferrous Metal Rolling, Drawing, and Extruding Business Loans

Looking for business loans for nonferrous metal rolling, drawing, and extruding? Try the SBA. This $142,200 nonferrous metal rolling, drawing, and extruding loan was issued by an Illinois bank.

This small business knew how to go about getting a business bank loan. Based in Elburn, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Union National Bank, based in Elgin, Illinois.

SBA Loan Borrower

COMPANY TYPE: NONFERROUS METAL ROLLING, DRAWING, AND EXTRUDING
ELBURN, IL 60123

SBA Loan Lender

UNION NATIONAL BANK
101 E CHICAGO ST
ELGIN, IL 60120

This bank loan 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

331491 - Nonferrous Metal Rolling, Drawing, and Extruding

Loan Approval Date

10/23/2006

Loan Approval Gross Amount

$142,200

Loan Approval from the SBA

Of the total $142,200 loan amount, the SBA guaranteed $71,100.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The loan application indicated that the loan would help retain 10 existing jobs.

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 Union National Bank 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.

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