Getting an SBA Loan for Small Arms Ammunition Manufacturing

With these commercial loans for small arms ammunition manufacturing, the SBA guarantees the lender that the loan will be repaid. This small arms ammunition manufacturing loan for $100,000 was given to a Virginia entrepreneur in 2003.

This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with The Business Bank, out of Vienna, Virginia. The loan was granted and they received $100,000 to help grow their Sterling, Virginia business.

SBA Loan Borrower

COMPANY TYPE: SMALL ARMS AMMUNITION
STERLING, VA 20166

SBA Loan Lender

THE BUSINESS BANK
8399 LEESBURG PIKE
VIENNA, VA 22182

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3482 - Small Arms Ammunition

NAICS Code

332992 - Small Arms Ammunition Manufacturing

Loan Approval Date

8/4/2003

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 6 employees. The loan application did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Advice on Getting a Small Business Loan

Where to Get an SBA Loan in Vienna, Virginia

Getting a Business Loan in Virginia