Raising Money for Fabricated Pipe and Pipe Fitting Manufacturing

With these bank loans for fabricated pipe and pipe fitting manufacturing, the SBA guarantees the lender that the loan will be repaid. This fabricated pipe and pipe fitting manufacturing loan for $100,000 was given to a Maine entrepreneur in 2000.

Getting a small business loan in Fairfield, Maine was important for this growing firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Border Trust Company, operating out of Augusta, Maine. Here are the details on this Maine small business loan.

SBA Loan Borrower

COMPANY TYPE: FABRICATED PIPE AND PIPE FITTINGS
FAIRFIELD, ME 04937

SBA Loan Lender

BORDER TRUST COMPANY
227 WATER ST
AUGUSTA, ME 04330

This debt financing 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

3498 - Fabricated Pipe and Pipe Fittings

NAICS Code

332996 - Fabricated Pipe and Pipe Fitting Manufacturing

Loan Approval Date

10/26/2000

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $75,000.

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 5 employees. The SBA loan application for the borrower did not indicate that the company planned 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?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Business Credit Evaluation

SBA Participating Banks in Augusta, Maine

Getting a Business Loan in Maine