Small Business Loans for Plastics Material and Resin Manufacturing

Looking for small business loans for plastics material and resin manufacturing? An SBA loan may be just what you've been looking for. This $250,000 plastics material and resin manufacturing loan was issued by a Tennessee bank.

This company knew how to go about getting a business bank loan. Based in Dayton, Tennessee, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was First Bank Of Tennessee, based in Spring City, Tennessee.

SBA Loan Borrower

COMPANY TYPE: PLASTICS MATERIALS AND RESINS
DAYTON, TN 37321

SBA Loan Lender

FIRST BANK OF TENNESSEE
369 FRONT ST
SPRING CITY, TN 37381

This bank 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.

SIC Code

2821 - Plastics Materials and Resins

NAICS Code

325211 - Plastics Material and Resin Manufacturing

Loan Approval Date

12/23/2005

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

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 20 employees. The SBA loan application for the borrower did not indicate that the small 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?

If you need money to start business in Dayton TN, you ought to talk with a local Dayton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Dayton businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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 Banks in Spring City, Tennessee

SBA Tennessee Banks