Raising Money for Ornamental and Architectural Metal Work Manufacturing

Looking for business loans for ornamental and architectural metal work manufacturing? Try the SBA. This $47,000 ornamental and architectural metal work manufacturing loan was issued by a Missouri bank.

Getting a small business loan in Wentworth, Missouri was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from First State Bank Of Joplin, operating out of Joplin, Missouri. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: ARCHITECTURAL AND ORNAMENTAL METAL WORK
WENTWORTH, MO 64873

SBA Loan Lender

FIRST STATE BANK OF JOPLIN
802 S MAIN
JOPLIN, MO 64801

This lender issued this particular SBA small 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

3446 - Architectural and Ornamental Metal Work

NAICS Code

332323 - Ornamental and Architectural Metal Work Manufacturing

Loan Approval Date

2/2/2005

Loan Approval Gross Amount

$47,000

Loan Approval from the SBA

Of the total $47,000 loan amount, the SBA guaranteed $39,950.

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 3 employees. The loan application did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First State Bank Of Joplin and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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SBA Approved Banks in Joplin, Missouri

SBA Lenders in Missouri