Borrowing Money for Metalworking Machinery Manufacturing

With these small business loans for metalworking machinery manufacturing, the SBA guarantees the lender that the loan will be repaid. This metalworking machinery manufacturing loan for $33,200 was given to a Louisiana entrepreneur in 2007.

Getting a small business loan in Sibley, Louisiana was important for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Citizens Bank & Trust Company, operating out of Springhill, Louisiana. Here are the details on this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: METALWORKING MACHINERY MANUFACTURING
SIBLEY, LA 71073

SBA Loan Lender

CITIZENS BANK & TRUST COMPANY
106 S MAIN ST
SPRINGHILL, LA 71075

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333518 - Metalworking Machinery Manufacturing

Loan Approval Date

12/12/2007

Loan Approval Gross Amount

$33,200

Loan Approval from the SBA

Of the total $33,200 loan amount, the SBA guaranteed $28,220.

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 loan application indicated that the loan would help retain 2 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start a small business or need money to grow a business, an SBA loan can be a great way to raise money

We can help you find the best banks for small businesses in Sibley 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:

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Good Banks for Small Business in Springhill, Louisiana

Getting an SBA Loan in Louisiana