SBA Loans for Ordnance and Accessories Manufacturing

Looking for SBA loans for ordnance and accessories manufacturing? Talk to a banker who works with the SBA. This $767,000 ordnance and accessories manufacturing loan was issued by a Maryland bank.

This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Manufacturers & Traders Trust, out of Baltimore, Maryland. The loan was granted and they received $767,000 to help grow their Washington Grove, Maryland business.

SBA Loan Borrower

COMPANY TYPE: ORDNANCE AND ACCESSORIES
WASHINGTON GROVE, MD 20880

SBA Loan Lender

MANUFACTURERS & TRADERS TRUST
25 S CHARLES ST
BALTIMORE, MD 21201

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3489 - Ordnance and Accessories

NAICS Code

332995 - Ordnance and Accessories Manufacturing

Loan Approval Date

12/18/2000

Loan Approval Gross Amount

$767,000

Loan Approval from the SBA

Of the total $767,000 loan amount, the SBA guaranteed $500,007.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Manufacturers & Traders Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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Maryland SBA Banks