Plastics Bag and Pouch Manufacturing Commercial Loans

Looking for commercial loans for plastics bag and pouch manufacturing? Talk to a banker who works with the SBA. This $147,500 plastics bag and pouch manufacturing loan was issued by a New York bank.

Getting a small business loan in Batavia, New York was important for this business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Five Star Bank, operating out of Geneva, New York. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: PLASTICS BAG AND POUCH MANUFACTURING
BATAVIA, NY 14020

SBA Loan Lender

FIVE STAR BANK
2 SENECA ST
GENEVA, NY 14456

This 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

326111 - Plastics Bag and Pouch Manufacturing

Loan Approval Date

1/9/2003

Loan Approval Gross Amount

$147,500

Loan Approval from the SBA

Of the total $147,500 loan amount, the SBA guaranteed $110,625.

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 14 employees. The SBA loan documents did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you are raising money in Batavia NY, you ought to talk with a local Batavia SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Batavia businesses.

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 $147,500 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.

Related Links:

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SBA Participating Banks in Geneva, New York

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