SBA Loans for Packaging Machinery Manufacturing

Looking for SBA loans for packaging machinery manufacturing? Try the SBA. This $500,000 packaging machinery manufacturing loan was issued by a Missouri bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fenton, Missouri was able to borrow $500,000 from Cass Commercial Bank. The SBA made the loan possible by guaranteeing $450,000 of this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: PACKAGING MACHINERY MANUFACTURING
FENTON, MO 63026

SBA Loan Lender

CASS COMMERCIAL BANK
13001 HOLLENBERG DR
BRIDGETON, MO 63044

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333993 - Packaging Machinery Manufacturing

Loan Approval Date

3/7/2003

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $450,000.

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 33 employees. The loan application did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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:

Advice on Getting a Small Business Loan

Best Banks for Small Business in Bridgeton, Missouri

Getting a Business Loan in Missouri