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January 16, 2022  
 
 
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Loan Census SBA Loan Info

Financing for Fabricated Pipe and Pipe Fitting Manufacturing

Looking for loans for fabricated pipe and pipe fitting manufacturing? Talk to a banker who works with the SBA. This $375,000 fabricated pipe and pipe fitting manufacturing loan was issued by an Alabama bank.

This company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Peoplesouth Bank, out of Columbia, Alabama. The loan was granted and they received $375,000 to help grow their Headland, Alabama business.

SBA Loan Borrower

COMPANY TYPE: FABRICATED PIPE AND PIPE FITTING MANUFACTURING
HEADLAND, AL 36345

SBA Loan Lender

PEOPLESOUTH BANK
109 E CHURCH ST
COLUMBIA, AL 36319

This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332996 - Fabricated Pipe and Pipe Fitting Manufacturing

Loan Approval Date

7/2/2007

Loan Approval Gross Amount

$375,000

Loan Approval from the SBA

Of the total $375,000 loan amount, the SBA guaranteed $281,250.

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 65 employees. The SBA loan documents indicated that the loan would help generate 20 new jobs and retain 45 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Determining Proper Capital Structure for a Business

Small Business Banks in Columbia, Alabama

Find an SBA Lender in Alabama