Get an SBA Loan for Iron and Steel Pipe and Tube Manufacturing from Purchased Steel
With these small 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 $215,000 was given to a Kentucky entrepreneur in 2005.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Franklin, Kentucky was able to borrow $215,000 from Integra Bank. The SBA made the loan possible by guaranteeing $161,250 of 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
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to American small businesses.
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
$215,000
Loan Approval from the SBA
Of the total $215,000 loan amount, the SBA guaranteed $161,250.
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. The SBA loan application for the borrower did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
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 Integra Bank 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.
Related Links:
Startup Funding Tip
Where to Get an SBA Loan in Evansville, Indiana
Indiana SBA 7A Lenders