Bank Loans for Industrial Valve Manufacturing

Looking for bank loans for industrial valve manufacturing? An SBA loan may be just what you've been looking for. This $28,000 industrial valve manufacturing loan was issued by a North Carolina bank.

This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with First Charter Bank, out of Charlotte, North Carolina. The loan was granted and they received $28,000 to help grow their Monroe, North Carolina business.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL VALVES
MONROE, NC 28110

SBA Loan Lender

FIRST CHARTER BANK
4500 CAMERON VALLEY PKWY
CHARLOTTE, NC 28222

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3491 - Industrial Valves

NAICS Code

332911 - Industrial Valve Manufacturing

Loan Approval Date

6/23/2000

Loan Approval Gross Amount

$28,000

Loan Approval from the SBA

Of the total $28,000 loan amount, the SBA guaranteed $25,200.

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 14 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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