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May 5, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Truckee, Business Loans > Bank Of The West Truckee Business Loans > Aluminum Die-Casting Foundries Loan | ||||
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Raising Money in Independence, Missouri With SBA Loans
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Financing for Aluminum Die-Casting FoundriesWith these loans for aluminum die-casting foundries, the SBA guarantees the lender that the loan will be repaid. This aluminum die-casting foundries loan for $260,000 was given to a Missouri entrepreneur in 2007. This small firm knew how to go about getting a business bank loan. Based in Independence, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Bank Of The West, based in Truckee, California. SBA Loan Borrower COMPANY TYPE: ALUMINUM DIE-CASTING FOUNDRIES SBA Loan Lender BANK OF THE WEST As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 331521 - Aluminum Die-Casting Foundries Loan Approval Date 3/1/2007 Loan Approval Gross Amount $260,000 Loan Approval from the SBA Of the total $260,000 loan amount, the SBA guaranteed $195,000. 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 7 employees. The SBA loan application for the borrower indicated that the loan would help retain 7 existing jobs. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. We've showcased information on this loan to let you know that businesses like yours 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. Related Links: Good Banks for Small Business in Truckee, California
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