Financing for Fabricated Metal Product Manufacturing
Looking for commercial loans for fabricated metal product manufacturing? Talk to a banker who works with the SBA. This $250,000 fabricated metal product manufacturing loan was issued by a New York bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in West Pittston, Pennsylvania was able to borrow $250,000 from Business Loan Center, LLC. The SBA made the loan possible by guaranteeing $125,000 of this Pennsylvania small business loan.
SBA Loan Borrower
COMPANY TYPE: FABRICATED METAL PRODUCT MANUFACTURING
WEST PITTSTON, PA 18643
SBA Loan Lender
BUSINESS LOAN CENTER, LLC
1633 BROADWAY, 39TH FL
NEW YORK, NY 10019
This lender processed this SBA business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
332999 - Fabricated Metal Product Manufacturing
Loan Approval Date
12/9/2003
Loan Approval Gross Amount
$250,000
Loan Approval from the SBA
Of the total $250,000 loan amount, the SBA guaranteed $125,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing 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 11 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 15 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
Every year, the SBA guarantees over $10 billion for loans just like this one.
This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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:
Understanding Dilution
SBA Banks in New York, New York
Getting an SBA Loan in New York