SBA Loans for Abrasive Product Manufacturing

With these SBA loans for abrasive product manufacturing, the SBA guarantees the lender that the loan will be repaid. This abrasive product manufacturing loan for $300,000 was given to a Missouri entrepreneur in 2003.

This small business knew how to go about getting a business bank loan. Based in Gravois Mills, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Bancorpsouth Bank, based in Springfield, Missouri.

SBA Loan Borrower

COMPANY TYPE: ABRASIVE PRODUCTS
GRAVOIS MILLS, MO 65079

SBA Loan Lender

BANCORPSOUTH BANK
3939 S FREMONT
SPRINGFIELD, MO 65804

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3291 - Abrasive Products

NAICS Code

327910 - Abrasive Product Manufacturing

Loan Approval Date

9/24/2003

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

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 3 employees. The loan application did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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