Financing for Hand and Edge Tool Manufacturing

Looking for loans for hand and edge tool manufacturing? Try the SBA. This $150,075 hand and edge tool manufacturing loan was issued by an Illinois bank.

Getting a small business loan in Pontiac, Illinois was important for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Pontiac, operating out of Pontiac, Illinois. Here are the details on this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: HAND AND EDGE TOOLS
PONTIAC, IL 61764

SBA Loan Lender

BANK OF PONTIAC
300 W WASHINGTON
PONTIAC, IL 61764

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3423 - Hand and Edge Tools

NAICS Code

332212 - Hand and Edge Tool Manufacturing

Loan Approval Date

8/14/2000

Loan Approval Gross Amount

$150,075

Loan Approval from the SBA

Of the total $150,075 loan amount, the SBA guaranteed $112,556.

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 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We can help you find the best banks for small businesses in Pontiac or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Accountant's Role in Securing Financing

SBA Banks in Pontiac, Illinois

Getting a Business Loan in Illinois