Loans for Industrial Machinery Manufacturing

With these loans for industrial machinery manufacturing, the SBA guarantees the lender that the loan will be repaid. This industrial machinery manufacturing loan for $183,100 was given to a Florida entrepreneur in 2003.

Getting a small business loan in Palmetto, Florida was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from M&i Marshall & Ilsley Bank, operating out of Bradenton, Florida. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: SPECIAL INDUSTRY MACHINERY
PALMETTO, FL 34221

SBA Loan Lender

M&I MARSHALL & ILSLEY BANK
4502 CORTEZ RD WEST
BRADENTON, FL 34210

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

3559 - Special Industry Machinery

NAICS Code

333298 - Industrial Machinery Manufacturing

Loan Approval Date

1/15/2003

Loan Approval Gross Amount

$183,100

Loan Approval from the SBA

Of the total $183,100 loan amount, the SBA guaranteed $137,325.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 9 employees. This SBA loan request did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $183,100 loan. Remember, anyone can do it... so why not you?

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:

Choosing VC Firms

Where to Get an SBA Loan in Bradenton, Florida

Florida SBA 7A Banks