Borrowing Money for Sheet Metal Work Manufacturing

With these bank loans for sheet metal work manufacturing, the SBA guarantees the lender that the loan will be repaid. This sheet metal work manufacturing loan for $640,080 was given to a New Hampshire entrepreneur in 2003.

This small firm knew how to go about getting a business bank loan. Based in Hudson, New Hampshire, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Reading Co-Operative Bank, based in Reading, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: SHEET METAL WORK MANUFACTURING
HUDSON, NH 03051

SBA Loan Lender

READING CO-OPERATIVE BANK
180 HAVEN ST
READING, MA 01867

This lender issued this SBA business loan under the SBA 7A lending 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.

NAICS Code

332322 - Sheet Metal Work Manufacturing

Loan Approval Date

5/20/2003

Loan Approval Gross Amount

$640,080

Loan Approval from the SBA

Of the total $640,080 loan amount, the SBA guaranteed $249,631.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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