Bank Loans for Corrugated and Solid Fiber Box Manufacturing

Looking for bank loans for corrugated and solid fiber box manufacturing? The SBA may be the answer. This $495,000 corrugated and solid fiber box manufacturing loan was issued by an Ohio bank.

This company knew how to go about getting a business bank loan. Based in Brockton, Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was United Midwest Savings Bank, based in Bellefontaine, Ohio.

SBA Loan Borrower

COMPANY TYPE: CORRUGATED AND SOLID FIBER BOX MANUFACTURING
BROCKTON, MA 02301

SBA Loan Lender

UNITED MIDWEST SAVINGS BANK
2281 S MAIN ST
BELLEFONTAINE, OH 43311

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

322211 - Corrugated and Solid Fiber Box Manufacturing

Loan Approval Date

9/23/2004

Loan Approval Gross Amount

$495,000

Loan Approval from the SBA

Of the total $495,000 loan amount, the SBA guaranteed $207,900.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 19 employees. The loan application did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $495,000 loan. Remember, where there is a will, there is a way!

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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