Get an SBA Loan for Iron and Steel Forging

Looking for small business loans for iron and steel forging? The SBA may be the answer. This $551,000 iron and steel forging loan was issued by a New York bank.

Getting a small business loan in Endicott, New York was important for this growing firm back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Tioga State Bank, operating out of Owego, New York. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: IRON AND STEEL FORGING
ENDICOTT, NY 13760

SBA Loan Lender

TIOGA STATE BANK
UPPER NORTH AVE
OWEGO, NY 13827

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332111 - Iron and Steel Forging

Loan Approval Date

9/21/2006

Loan Approval Gross Amount

$551,000

Loan Approval from the SBA

Of the total $551,000 loan amount, the SBA guaranteed $413,250.

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 only one employee. This SBA loan request did not indicate that the SBA funding recipient 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?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Tioga State Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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