How to Get a Loan for Electroplating, Plating, Polishing, Anodizing, and Coloring
Looking for commercial loans for electroplating, plating, polishing, anodizing, and coloring? The SBA may be the answer. This $87,000 electroplating, plating, polishing, anodizing, and coloring loan was issued by an Indiana bank.
This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Grabill Bank, out of Grabill, Indiana. The loan was granted and they received $87,000 to help grow their Fort Wayne, Indiana business.
SBA Loan Borrower
COMPANY TYPE: ELECTROPLATING, PLATING, POLISHING, ANODIZING, AND COLORING
FORT WAYNE, IN 46845
SBA Loan Lender
GRABILL BANK
13505 MAIN ST
GRABILL, IN 46741
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
332813 - Electroplating, Plating, Polishing, Anodizing, and Coloring
Loan Approval Date
11/3/2006
Loan Approval Gross Amount
$87,000
Loan Approval from the SBA
Of the total $87,000 loan amount, the SBA guaranteed $43,500.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 only one employee. The SBA loan documents indicated that the funding would help generate 2 new jobs.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Grabill Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
How to Raise Money
Small Bank Loans in Grabill, Indiana
SBA Participating Banks in Indiana