Get an SBA Loan for Aluminum Die-Casting Foundries

Looking for loans for aluminum die-casting foundries? An SBA loan may be just what you've been looking for. This $1,500,000 aluminum die-casting foundries loan was issued by a Nebraska bank.

This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Tierone Bank, out of Kearney, Nebraska. The loan was granted and they received $1,500,000 to help grow their Hastings, Nebraska business.

SBA Loan Borrower

COMPANY TYPE: ALUMINUM DIE-CASTINGS
HASTINGS, NE 68902

SBA Loan Lender

TIERONE BANK
2120 1ST AVE
KEARNEY, NE 68848

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 was started 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.

SIC Code

3363 - Aluminum Die-Castings

NAICS Code

331521 - Aluminum Die-Casting Foundries

Loan Approval Date

6/1/2004

Loan Approval Gross Amount

$1,500,000

Loan Approval from the SBA

Of the total $1,500,000 loan amount, the SBA guaranteed $1,125,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 81 employees. The loan application did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

This SBA loan was for $1,500,000. How would you spend $1,500,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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 Art of Bootstrapping

SBA Approved Banks in Kearney, Nebraska

Nebraska SBA 7A Lenders