SBA Loans for Machine Shops
Looking for SBA loans for machine shops? An SBA loan may be just what you've been looking for. This $600,000 machine shops loan was issued by a Pennsylvania bank.
This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Iron And Glass Bank, out of Pittsburgh, Pennsylvania. The loan was granted and they received $600,000 to help grow their Bethel Park, Pennsylvania business.
SBA Loan Borrower
COMPANY TYPE: MACHINE SHOPS
BETHEL PARK, PA 15102
SBA Loan Lender
IRON AND GLASS BANK
1114 E CARSON ST
PITTSBURGH, PA 15203
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
332710 - Machine Shops
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $600,000 loan amount, the SBA guaranteed $450,000.
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 25 employees. The loan application did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $600,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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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