Business Loans for Iron and Steel Pipe and Tube Manufacturing from Purchased Steel
With these business loans for iron and steel pipe and tube manufacturing from purchased steel, the SBA guarantees the lender that the loan will be repaid. This iron and steel pipe and tube manufacturing from purchased steel loan for $126,000 was given to a Kentucky entrepreneur in 2005.
Getting a small business loan in Franklin, Kentucky was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Integra Bank, operating out of Evansville, Indiana. Here are the details on this Kentucky small business loan.
SBA Loan Borrower
COMPANY TYPE: IRON AND STEEL PIPE AND TUBE MANUFACTURING FROM PURCHASED STEEL
FRANKLIN, KY 42134
SBA Loan Lender
INTEGRA BANK
21 SE 3RD ST
EVANSVILLE, IN 47708
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
331210 - Iron and Steel Pipe and Tube Manufacturing from Purchased Steel
Loan Approval Date
6/15/2005
Loan Approval Gross Amount
$126,000
Loan Approval from the SBA
Of the total $126,000 loan amount, the SBA guaranteed $94,500.
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 9 employees. This SBA loan request did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money
There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.
Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!
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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