Commercial Loans for Special Die and Tool, Die Set, Jig, and Fixture Manufacturing
Looking for commercial loans for special die and tool, die set, jig, and fixture manufacturing? Try the SBA. This $248,500 special die and tool, die set, jig, and fixture manufacturing loan was issued by a Vermont bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in North Hartland, Vermont was able to borrow $248,500 from Ledyard National Bank. The SBA made the loan possible by guaranteeing $186,375 of this Vermont small business loan.
SBA Loan Borrower
COMPANY TYPE: SPECIAL DIE AND TOOL, DIE SET, JIG, AND FIXTURE MANUFACTURING
NORTH HARTLAND, VT 05052
SBA Loan Lender
LEDYARD NATIONAL BANK
320 MAIN ST
NORWICH, VT 05055
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
333514 - Special Die and Tool, Die Set, Jig, and Fixture Manufacturing
Loan Approval Date
7/25/2007
Loan Approval Gross Amount
$248,500
Loan Approval from the SBA
Of the total $248,500 loan amount, the SBA guaranteed $186,375.
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 53 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 53 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Ledyard National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Ledyard National Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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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