Financing for Mineral Wool Manufacturing

Looking for loans for mineral wool manufacturing? An SBA loan may be just what you've been looking for. This $50,000 mineral wool manufacturing loan was issued by a Georgia bank.

This company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Colony Bank Southeast, out of Douglas, Georgia. The loan was granted and they received $50,000 to help grow their Douglas, Georgia business.

SBA Loan Borrower

COMPANY TYPE: MINERAL WOOL
DOUGLAS, GA 31533

SBA Loan Lender

COLONY BANK SOUTHEAST
625 W WARD ST
DOUGLAS, GA 31533

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3296 - Mineral Wool

NAICS Code

327993 - Mineral Wool Manufacturing

Loan Approval Date

9/5/2001

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 18 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Colony Bank Southeast so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Obtaining Funding - Getting Venture Capital

SBA 7A Lenders in Douglas, Georgia

SBA Lenders in Georgia