Commercial Loans for Iron and Steel Pipe and Tube Manufacturing from Purchased Steel

Looking for commercial loans for iron and steel pipe and tube manufacturing from purchased steel? The SBA may be the answer. This $165,600 iron and steel pipe and tube manufacturing from purchased steel loan was issued by an Ohio bank.

This small business knew how to go about getting a business bank loan. Based in Solon, Ohio, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was The Huntington National Bank, based in Toledo, Ohio.

SBA Loan Borrower

COMPANY TYPE: IRON AND STEEL PIPE AND TUBE MANUFACTURING FROM PURCHASED STEEL
SOLON, OH 43604

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
519 MADISON AVE
TOLEDO, OH 43604

This commercial loan was underwritten by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA provides a fast loan decision.

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

3/5/2002

Loan Approval Gross Amount

$165,600

Loan Approval from the SBA

Of the total $165,600 loan amount, the SBA guaranteed $124,200.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees 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.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from The Huntington National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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