Financing for Fabricated Metal Product Manufacturing

Looking for commercial loans for fabricated metal product manufacturing? Talk to a banker who works with the SBA. This $202,575 fabricated metal product manufacturing loan was issued by an Oklahoma bank.

This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Bank - Cushing & Trust, out of Cushing, Oklahoma. The loan was granted and they received $202,575 to help grow their Cushing, Oklahoma business.

SBA Loan Borrower

COMPANY TYPE: METALWORKING MACHINERY
CUSHING, OK 74023

SBA Loan Lender

BANK - CUSHING & TRUST
224 E BROADWAY
CUSHING, OK 74023

This lender issued this business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3549 - Metalworking Machinery

NAICS Code

332999 - Fabricated Metal Product Manufacturing

Loan Approval Date

7/30/2002

Loan Approval Gross Amount

$202,575

Loan Approval from the SBA

Of the total $202,575 loan amount, the SBA guaranteed $151,931.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 15 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Realistic Debt Financing Options

SBA 7A Banks for Cushing, Oklahoma Loans

Oklahoma SBA Banks