Raising Money for Gasket, Packing, and Sealing Device Manufacturing

With these bank loans for gasket, packing, and sealing device manufacturing, the SBA guarantees the lender that the loan will be repaid. This gasket, packing, and sealing device manufacturing loan for $1,017,705 was given to a Massachusetts entrepreneur in 2004.

This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Mansfield Co-Operative Bank, out of Mansfield, Massachusetts. The loan was granted and they received $1,017,705 to help grow their Framingham (town Of), Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: GASKET, PACKING, AND SEALING DEVICE MANUFACTURING
FRAMINGHAM (TOWN OF), MA 01701

SBA Loan Lender

MANSFIELD CO-OPERATIVE BANK
80 N MAIN ST
MANSFIELD, MA 02048

This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

339991 - Gasket, Packing, and Sealing Device Manufacturing

Loan Approval Date

9/10/2004

Loan Approval Gross Amount

$1,017,705

Loan Approval from the SBA

Of the total $1,017,705 loan amount, the SBA guaranteed $508,852.

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 26 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 26 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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 $1,017,705 loan. Remember, you control your own destiny.

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:

Small Business Credit Cards

Small Bank Loans in Mansfield, Massachusetts

SBA Lenders in Massachusetts