Raising Money for Iron and Steel Pipe and Tube Manufacturing from Purchased Steel

With these business loans for iron and steel pipe and tube manufacturing from purchased steel, the SBA guarantees the lender that the loan will be repaid. This iron and steel pipe and tube manufacturing from purchased steel loan for $500,000 was given to an Oklahoma entrepreneur in 2000.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Moore, Oklahoma was able to borrow $500,000 from Exchange National Bank - Moore. The SBA made the loan possible by guaranteeing $198,000 of this Oklahoma small business loan.

SBA Loan Borrower

COMPANY TYPE: STEEL PIPE AND TUBES
MOORE, OK 73160

SBA Loan Lender

EXCHANGE NATIONAL BANK - MOORE
600 NW 5TH
MOORE, OK 73160

This SBA small business 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.

SIC Code

3317 - Steel Pipe and Tubes

NAICS Code

331210 - Iron and Steel Pipe and Tube Manufacturing from Purchased Steel

Loan Approval Date

9/25/2000

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $198,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 50 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Moore OK, you ought to talk with a local Moore SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Moore businesses.

This SBA loan was for $500,000. How would you spend $500,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

The Friends and Family Network

SBA 7A Lenders in Moore, Oklahoma

Browse All Business Loan Sources for Oklahoma