Rubber Product Manufacturing Bank Loans

Looking for bank loans for rubber product manufacturing? Talk to a banker who works with the SBA. This $135,000 rubber product manufacturing loan was issued by a North Carolina bank.

This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Scottish Bank, out of Charlotte, North Carolina. The loan was granted and they received $135,000 to help grow their Charlotte, North Carolina business.

SBA Loan Borrower

COMPANY TYPE: FABRICATED RUBBER PRODUCTS, N.E.C
CHARLOTTE, NC 28202

SBA Loan Lender

SCOTTISH BANK
4519 SHARON RD
CHARLOTTE, NC 28211

This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3069 - Fabricated Rubber Products, N.E.C

NAICS Code

326299 - Rubber Product Manufacturing

Loan Approval Date

4/9/2002

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $114,750.

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 2 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.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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 $135,000 loan. Remember, if it to be, it is up to me!

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:

Financing Your Business

Who Lends Money to Small Businesses in Charlotte, North Carolina

North Carolina SBA Bank Lenders