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April 25, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Glendale, Business Loans > World Trade Finance, Inc. Glendale Business Loans > Welding And Soldering Equipment Manufacturing Loan | ||||
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Raising Money in Danville, Illinois With SBA Loans
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How to Get a Loan for Welding and Soldering Equipment ManufacturingLooking for commercial loans for welding and soldering equipment manufacturing? An SBA loan may be just what you've been looking for. This $350,000 welding and soldering equipment manufacturing loan was issued by a California bank. This small business knew how to go about getting a business bank loan. Based in Danville, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was World Trade Finance, Inc., based in Glendale, California. SBA Loan Borrower COMPANY TYPE: WELDING AND SOLDERING EQUIPMENT MANUFACTURING SBA Loan Lender WORLD TRADE FINANCE, INC. As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333992 - Welding and Soldering Equipment Manufacturing Loan Approval Date 8/9/2006 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $315,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 55 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 55 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you are raising money in Danville IL, you ought to talk with a local Danville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Danville businesses. This SBA loan was for $350,000. How would you spend $350,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Where to Get an SBA Loan in Glendale, California
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