Metal Tank Manufacturing Bank Loans

Looking for bank loans for metal tank manufacturing? Try the SBA. This $500,000 metal tank manufacturing loan was issued by an Illinois bank.

This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with National City Bank, out of Bannockburn, Illinois. The loan was granted and they received $500,000 to help grow their Fremont, Indiana business.

SBA Loan Borrower

COMPANY TYPE: METAL TANK MANUFACTURING
FREMONT, IN 46737

SBA Loan Lender

NATIONAL CITY BANK
2595 WAUKEGAN RD
BANNOCKBURN, IL 60015

This lender issued this SBA small business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332420 - Metal Tank Manufacturing

Loan Approval Date

10/4/2001

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

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 79 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Fremont IN, you ought to talk with a local Fremont SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fremont businesses.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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