Sheet Metal Work Manufacturing Commercial Loans

With these commercial loans for sheet metal work manufacturing, the SBA guarantees the lender that the loan will be repaid. This sheet metal work manufacturing loan for $1,071,000 was given to a New York entrepreneur in 2003.

This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Fulton Savings Bank, out of Fulton, New York. The loan was granted and they received $1,071,000 to help grow their Fulton, New York business.

SBA Loan Borrower

COMPANY TYPE: SHEET METAL WORK
FULTON, NY 13069

SBA Loan Lender

FULTON SAVINGS BANK
75 S 1ST ST
FULTON, NY 13069

This lender issued this SBA bank loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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.

SIC Code

3444 - Sheet Metal Work

NAICS Code

332322 - Sheet Metal Work Manufacturing

Loan Approval Date

4/23/2003

Loan Approval Gross Amount

$1,071,000

Loan Approval from the SBA

Of the total $1,071,000 loan amount, the SBA guaranteed $803,250.

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 21 employees. The SBA loan documents did not indicate that the company planned to use the money to add 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.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Fulton Savings Bank and they will explain how you can get an SBA loan for your company.

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 Cash Advances

Banks in Fulton, New York

Where to Get an SBA Loan New York