Where to Get Capital for Metal Coating, Engraving and Allied Services

Looking for SBA loans for metal coating, engraving and allied services? An SBA loan may be just what you've been looking for. This $237,254 metal coating, engraving and allied services loan was issued by a North Carolina bank.

Getting a small business loan in Gastonia, North Carolina was important for this business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Communityone Bank, operating out of Gastonia, North Carolina. Here are the details on this North Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: METAL COATING, ENGRAVING AND ALLIED SERVICES
GASTONIA, NC 28054

SBA Loan Lender

COMMUNITYONE BANK
804 S NEW HOPE RD
GASTONIA, NC 28054

This lender issued this business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332812 - Metal Coating, Engraving and Allied Services

Loan Approval Date

4/25/2005

Loan Approval Gross Amount

$237,254

Loan Approval from the SBA

Of the total $237,254 loan amount, the SBA guaranteed $177,941.

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 did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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