Special Die and Tool, Die Set, Jig, and Fixture Manufacturing SBA Loans
With these SBA loans for special die and tool, die set, jig, and fixture manufacturing, the SBA guarantees the lender that the loan will be repaid. This special die and tool, die set, jig, and fixture manufacturing loan for $254,000 was given to an Illinois entrepreneur in 2007.
This small business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Riverside Community Bank, out of Rockford, Illinois. The loan was granted and they received $254,000 to help grow their Rockford, Illinois business.
SBA Loan Borrower
COMPANY TYPE: SPECIAL DIE AND TOOL, DIE SET, JIG, AND FIXTURE MANUFACTURING
ROCKFORD, IL 61104
SBA Loan Lender
RIVERSIDE COMMUNITY BANK
6855 E RIVERSIDE BLVD
ROCKFORD, IL 61114
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide small business loans to to our country's hard-working small business owners.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
333514 - Special Die and Tool, Die Set, Jig, and Fixture Manufacturing
Loan Approval Date
11/9/2007
Loan Approval Gross Amount
$254,000
Loan Approval from the SBA
Of the total $254,000 loan amount, the SBA guaranteed $190,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 10 employees. The loan application indicated that the loan would help retain 10 existing jobs.
Next Steps for Getting an SBA Loan
Many small businesses receive loans backed by the U.S. Small Business Administration.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
Getting a Small Business Loan
Find an SBA Lender in Rockford, Illinois
SBA Illinois Banks