How to Get a Loan for Aircraft Engine and Engine Parts Manufacturing

With these SBA loans for aircraft engine and engine parts manufacturing, the SBA guarantees the lender that the loan will be repaid. This aircraft engine and engine parts manufacturing loan for $418,754 was given to a North Carolina entrepreneur in 2002.

This small business knew how to go about getting a business bank loan. Based in Gibsonville, North Carolina, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Communityone Bank, based in Graham, North Carolina.

SBA Loan Borrower

COMPANY TYPE: AIRCRAFT ENGINE AND ENGINE PARTS MANUFACTURING
GIBSONVILLE, NC 27249

SBA Loan Lender

COMMUNITYONE BANK
1128 S MAIN ST
GRAHAM, NC 27253

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

336412 - Aircraft Engine and Engine Parts Manufacturing

Loan Approval Date

7/23/2002

Loan Approval Gross Amount

$418,754

Loan Approval from the SBA

Of the total $418,754 loan amount, the SBA guaranteed $314,066.

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 12 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

Related Links:

The Friends and Family Network

Who Lends Money to Small Businesses in Graham, North Carolina

SBA Participating Banks in North Carolina