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November 21, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Columbus, Business Loans > Irwin Union Bank & Trust Columbus Business Loans > Fabricated Structural Metal Manufacturing Loan | ||||
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Good Banks for Pevely Businesses
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Fabricated Structural Metal Manufacturing SBA LoansLooking for SBA loans for fabricated structural metal manufacturing? An SBA loan may be just what you've been looking for. This $699,000 fabricated structural metal manufacturing loan was issued by an Indiana bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Pevely, Missouri was able to borrow $699,000 from Irwin Union Bank & Trust. The SBA made the loan possible by guaranteeing $524,250 of this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: FABRICATED STRUCTURAL METAL MANUFACTURING SBA Loan Lender IRWIN UNION BANK & TRUST The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide debt financing to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332312 - Fabricated Structural Metal Manufacturing Loan Approval Date 7/27/2004 Loan Approval Gross Amount $699,000 Loan Approval from the SBA Of the total $699,000 loan amount, the SBA guaranteed $524,250. 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 planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Irwin Union Bank & Trust had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Irwin Union Bank & Trust made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: SBA Banks in Columbus, Indiana
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