Financing for Industrial and Commercial Fan and Blower Manufacturing

Looking for loans for industrial and commercial fan and blower manufacturing? Talk to a banker who works with the SBA. This $200,000 industrial and commercial fan and blower manufacturing loan was issued by an Arkansas bank.

This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Anb Finan, out of Fayetteville, Arkansas. The loan was granted and they received $200,000 to help grow their Fayetteville, Arkansas business.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL AND COMMERCIAL FAN AND BLOWER MANUFACTURING
FAYETTEVILLE, AR 72704

SBA Loan Lender

ANB FINAN
3430 W WEDINGTON DR
FAYETTEVILLE, AR 72703

This lender issued this small business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began 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.

NAICS Code

333412 - Industrial and Commercial Fan and Blower Manufacturing

Loan Approval Date

9/30/2004

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 12 employees. The loan application did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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 $200,000 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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