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November 14, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Blue Bell, Business Loans > Bank Of America Blue Bell Business Loans > Steel Pipe And Tubes Loan | ||||
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Business Loans for Hatboro Small Businesses
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Financing for Steel FoundriesLooking for loans for steel foundries? The SBA may be the answer. This $555,000 steel foundries loan was issued by a Pennsylvania bank. This small firm knew how to go about getting a business bank loan. Based in Hatboro, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Bank Of America, based in Blue Bell, Pennsylvania. SBA Loan Borrower COMPANY TYPE: STEEL PIPE AND TUBES SBA Loan Lender BANK OF AMERICA The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3317 - Steel Pipe and Tubes NAICS Code 331513 - Steel Foundries Loan Approval Date 3/8/2001 Loan Approval Gross Amount $555,000 Loan Approval from the SBA Of the total $555,000 loan amount, the SBA guaranteed $416,250. 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 18 employees. The loan application did not indicate that the small business planned to use the funding 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 Bank Of America 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: SBA 7A Lenders in Blue Bell, Pennsylvania Browse All Business Loan Sources for Pennsylvania
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