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December 22, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Houston, Business Loans > Small Business Loan Source LLC Houston Business Loans > Iron And Steel Forging Loan | ||||
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How to Get SBA Loans in Greenville, South Carolina
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Small Business Loans for Iron and Steel ForgingLooking for small business loans for iron and steel forging? An SBA loan may be just what you've been looking for. This $1,457,000 iron and steel forging loan was issued by a Texas bank. This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Small Business Loan Source LLC, out of Houston, Texas. The loan was granted and they received $1,457,000 to help grow their Greenville, South Carolina business. SBA Loan Borrower COMPANY TYPE: IRON AND STEEL FORGING SBA Loan Lender SMALL BUSINESS LOAN SOURCE LLC This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332111 - Iron and Steel Forging Loan Approval Date 8/13/2007 Loan Approval Gross Amount $1,457,000 Loan Approval from the SBA Of the total $1,457,000 loan amount, the SBA guaranteed $1,092,750. 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 9 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 8 existing jobs. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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. Related Links: Best Houston, Texas Banks for Small Business
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