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December 19, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > New York, Business Loans > Grow America Fund Inc New York Business Loans > Hand And Edge Tool Manufacturing Loan | ||||
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Business Loans for Tacoma Businesses
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Hand and Edge Tool Manufacturing Business LoansLooking for business loans for hand and edge tool manufacturing? Talk to a banker who works with the SBA. This $810,000 hand and edge tool manufacturing loan was issued by a New York bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Tacoma, Washington was able to borrow $810,000 from Grow America Fund Inc. The SBA made the loan possible by guaranteeing $607,500 of this Washington small business loan. SBA Loan Borrower COMPANY TYPE: HAND AND EDGE TOOL MANUFACTURING SBA Loan Lender GROW AMERICA FUND INC This debt financing was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending background and a thorough understanding of SBA policies and procedures. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332212 - Hand and Edge Tool Manufacturing Loan Approval Date 3/10/2005 Loan Approval Gross Amount $810,000 Loan Approval from the SBA Of the total $810,000 loan amount, the SBA guaranteed $607,500. 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 24 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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 New York, New York
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