Where to Get Capital for Aluminum Die-Casting Foundries

With these small business loans for aluminum die-casting foundries, the SBA guarantees the lender that the loan will be repaid. This aluminum die-casting foundries loan for $2,000,000 was given to an Iowa entrepreneur in 2007.

This company knew how to go about getting a business bank loan. Based in Marshalltown, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was First American Bank, based in Fort Dodge, Iowa.

SBA Loan Borrower

COMPANY TYPE: ALUMINUM DIE-CASTING FOUNDRIES
MARSHALLTOWN, IA 50158

SBA Loan Lender

FIRST AMERICAN BANK
1207 CENTRAL AVE
FORT DODGE, IA 50501

This commercial 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

331521 - Aluminum Die-Casting Foundries

Loan Approval Date

11/30/2007

Loan Approval Gross Amount

$2,000,000

Loan Approval from the SBA

Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000.

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 130 employees. This SBA loan request indicated that the loan would help generate 129 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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 First American 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:

Debt Financing

Small Bank Loans in Fort Dodge, Iowa

Iowa SBA 7A Banks