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May 17, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Traverse City, Business Loans > Irwin Union Bank & Trust Traverse City Business Loans > Special Dies And Tools, Die Sets, Jigs And Fixture Loan | ||||
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Indiana Small Business Funding
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Loans for Special Die and Tool, Die Set, Jig, and Fixture ManufacturingLooking for loans for special die and tool, die set, jig, and fixture manufacturing? An SBA loan may be just what you've been looking for. This $615,000 special die and tool, die set, jig, and fixture manufacturing loan was issued by a Michigan bank. This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Irwin Union Bank & Trust, out of Traverse City, Michigan. The loan was granted and they received $615,000 to help grow their Columbus, Indiana business. SBA Loan Borrower COMPANY TYPE: SPECIAL DIES AND TOOLS, DIE SETS, JIGS AND FIXTURE SBA Loan Lender IRWIN UNION BANK & TRUST SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3544 - Special Dies and Tools, Die Sets, Jigs and Fixture NAICS Code 333514 - Special Die and Tool, Die Set, Jig, and Fixture Manufacturing Loan Approval Date 4/22/2003 Loan Approval Gross Amount $615,000 Loan Approval from the SBA Of the total $615,000 loan amount, the SBA guaranteed $461,250. 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 23 employees. The loan application did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Irwin Union Bank & Trust had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Irwin Union Bank & Trust made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Best Banks for Small Business in Traverse City, Michigan Find an SBA Lender in Michigan
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