Getting an SBA Loan for Machine Shops

Looking for business loans for machine shops? Try the SBA. This $760,600 machine shops loan was issued by a Louisiana bank.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Bizcapital Bidco II, LLC, out of New Orleans, Louisiana. The loan was granted and they received $760,600 to help grow their Muskogee, Oklahoma business.

SBA Loan Borrower

COMPANY TYPE: MACHINE SHOPS
MUSKOGEE, OK 74403

SBA Loan Lender

BIZCAPITAL BIDCO II, LLC
909 POYDRAS ST, SUITE 2230
NEW ORLEANS, LA 70112

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

332710 - Machine Shops

Loan Approval Date

11/29/2006

Loan Approval Gross Amount

$760,600

Loan Approval from the SBA

Of the total $760,600 loan amount, the SBA guaranteed $570,450.

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 15 employees. The SBA loan documents did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Bizcapital Bidco II, LLC so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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