Getting an SBA Loan for Setup Paperboard Box Manufacturing

Looking for commercial loans for setup paperboard box manufacturing? An SBA loan may be just what you've been looking for. This $120,000 setup paperboard box manufacturing loan was issued by an Iowa bank.

This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Great Western Bank, out of Clive, Iowa. The loan was granted and they received $120,000 to help grow their Des Moines, Iowa business.

SBA Loan Borrower

COMPANY TYPE: SETUP PAPERBOARD BOX MANUFACTURING
DES MOINES, IA 50313

SBA Loan Lender

GREAT WESTERN BANK
10101 UNIVERSITY AVE.
CLIVE, IA 50325

This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

322213 - Setup Paperboard Box Manufacturing

Loan Approval Date

5/17/2005

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

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 8 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

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 $120,000 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.

Related Links:

Equity Financing

Best Clive, Iowa Banks for Small Business

SBA Lenders in Iowa