Borrowing Money for General Purpose Machinery Manufacturing

Looking for loans for general purpose machinery manufacturing? Talk to a banker who works with the SBA. This $100,000 general purpose machinery manufacturing loan was issued by a Louisiana bank.

This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Dow Louisiana Fcu, out of Plaquemine, Louisiana. The loan was granted and they received $100,000 to help grow their Port Allen, Louisiana business.

SBA Loan Borrower

COMPANY TYPE: GENERAL PURPOSE MACHINERY MANUFACTURING
PORT ALLEN, LA 70767

SBA Loan Lender

DOW LOUISIANA FCU
21925 LA HWY 1 SOUTH
PLAQUEMINE, LA 70764

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide small business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333999 - General Purpose Machinery Manufacturing

Loan Approval Date

7/26/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 10 employees. The SBA loan documents did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $100,000 loan. Remember, anyone can do it... so why not 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:

Advice on Getting a Small Business Loan

SBA 7A Lenders in Plaquemine, Louisiana

Where to Get an SBA Loan Louisiana