Where to Get Capital for Carburetor, Piston, Piston Ring, and Valve Manufacturing

Looking for small business loans for carburetor, piston, piston ring, and valve manufacturing? The SBA may be the answer. This $420,000 carburetor, piston, piston ring, and valve manufacturing loan was issued by a California bank.

This small firm knew how to go about getting a business bank loan. Based in Menominee, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Wells Fargo Bank, based in San Jose, California.

SBA Loan Borrower

COMPANY TYPE: CARBURETOR, PISTON, PISTON RING, AND VALVE MANUFACTURING
MENOMINEE, MI 49858

SBA Loan Lender

WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

336311 - Carburetor, Piston, Piston Ring, and Valve Manufacturing

Loan Approval Date

6/6/2006

Loan Approval Gross Amount

$420,000

Loan Approval from the SBA

Of the total $420,000 loan amount, the SBA guaranteed $315,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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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