Raising Money for Fabricated Metal Product Manufacturing

Looking for business loans for fabricated metal product manufacturing? An SBA loan may be just what you've been looking for. This $165,000 fabricated metal product manufacturing loan was issued by a Tennessee bank.

This small business knew how to go about getting a business bank loan. Based in Hixson, Tennessee, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Cornerstone Community Bank, based in Chattanooga, Tennessee.

SBA Loan Borrower

COMPANY TYPE: FABRICATED METAL PRODUCTS
HIXSON, TN 37343

SBA Loan Lender

CORNERSTONE COMMUNITY BANK
6401 LEE HWY, STE B
CHATTANOOGA, TN 37421

At the time this loan was granted, this bank participated in the SBA's Certified Lenders Program (CLP). This program is designed to provide expeditious service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3499 - Fabricated Metal Products

NAICS Code

332999 - Fabricated Metal Product Manufacturing

Loan Approval Date

8/23/2006

Loan Approval Gross Amount

$165,000

Loan Approval from the SBA

Of the total $165,000 loan amount, the SBA guaranteed $123,750.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 4 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to raise money for a business in Hixson TN, you ought to talk with a local Hixson SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hixson businesses.

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 Cornerstone Community Bank 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:

Determining Proper Capital Structure for a Business

SBA 7A Banks in Chattanooga, Tennessee

Getting an SBA Loan in Tennessee