Raising Money for Plastics, Foil, and Coated Paper Bag Manufacturing

Looking for bank loans for plastics, foil, and coated paper bag manufacturing? An SBA loan may be just what you've been looking for. This $732,604 plastics, foil, and coated paper bag manufacturing loan was issued by an Ohio bank.

This company knew how to go about getting a business bank loan. Based in Columbus, Ohio, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was National City Bank, based in Columbus, Ohio.

SBA Loan Borrower

COMPANY TYPE: PLASTICS, FOIL AND COATED PAPER BAGS
COLUMBUS, OH 43219

SBA Loan Lender

NATIONAL CITY BANK
10 W BROAD ST
COLUMBUS, OH 43215

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2673 - Plastics, Foil and Coated Paper Bags

NAICS Code

322223 - Plastics, Foil, and Coated Paper Bag Manufacturing

Loan Approval Date

2/25/2000

Loan Approval Gross Amount

$732,604

Loan Approval from the SBA

Of the total $732,604 loan amount, the SBA guaranteed $549,453.

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 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

SBIR Funding

SBA 7A Banks in Columbus, Ohio

Where to Get an SBA Loan Ohio