Towson, Maryland Lender Lends Money to Fabricated Metal Product Manufacturing Company
Get business loans from a Towson, Maryland bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.
Manufacturers & Traders Trust is a Towson, Maryland small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a New York company.
SBA Loan Borrower
COMPANY TYPE: FABRICATED METAL PRODUCT MANUFACTURING
Lindenhurst, NY 11787
SBA Loan Lender
MANUFACTURERS & TRADERS TRUST
305 W CHESAPEAKE AVE
TOWSON, MD 21204
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
332999 - Fabricated Metal Product Manufacturing
Loan Approval Date
2/14/2007
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $85,000.
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 13 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 15 existing jobs.
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For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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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