How to Get a Loan for Railroad Rolling Stock Manufacturing

With these SBA loans for railroad rolling stock manufacturing, the SBA guarantees the lender that the loan will be repaid. This railroad rolling stock manufacturing loan for $900,000 was given to a Florida entrepreneur in 2007.

This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Ridgestone Bank, out of Brookfield, Wisconsin. The loan was granted and they received $900,000 to help grow their Jacksonville, Florida business.

SBA Loan Borrower

COMPANY TYPE: RAILROAD ROLLING STOCK MANUFACTURING
JACKSONVILLE, FL 32245

SBA Loan Lender

RIDGESTONE BANK
13925 W NORTH AVE
BROOKFIELD, WI 53005

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

336510 - Railroad Rolling Stock Manufacturing

Loan Approval Date

5/15/2007

Loan Approval Gross Amount

$900,000

Loan Approval from the SBA

Of the total $900,000 loan amount, the SBA guaranteed $675,000.

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 40 employees. The SBA loan documents indicated that the loan would help retain 40 existing jobs.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Ridgestone Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

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Where to Get an SBA Loan in Brookfield, Wisconsin

SBA Wisconsin Lenders