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May 14, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Baltimore, Business Loans > Manufacturers & Traders Trust Baltimore Business Loans > Ordnance And Accessories Loan | ||||
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Washington Grove, Maryland Bank Loan
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Commercial Loans for Ordnance and Accessories ManufacturingLooking for commercial loans for ordnance and accessories manufacturing? An SBA loan may be just what you've been looking for. This $833,000 ordnance and accessories manufacturing loan was issued by a Maryland bank. This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Manufacturers & Traders Trust, out of Baltimore, Maryland. The loan was granted and they received $833,000 to help grow their Washington Grove, Maryland business. SBA Loan Borrower COMPANY TYPE: ORDNANCE AND ACCESSORIES SBA Loan Lender MANUFACTURERS & TRADERS TRUST 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 SBA bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3489 - Ordnance and Accessories NAICS Code 332995 - Ordnance and Accessories Manufacturing Loan Approval Date 12/18/2000 Loan Approval Gross Amount $833,000 Loan Approval from the SBA Of the total $833,000 loan amount, the SBA guaranteed $749,700. 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 7 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 guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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: SBA 7A Banks in Baltimore, Maryland
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