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November 22, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Grand Rapids, Business Loans > Select Bank Grand Rapids Business Loans > Paper, Coated And Laminated Packaging Loan | ||||
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Michigan Small Business Funding
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Coated and Laminated Packaging Paper Manufacturing Bank LoansLooking for bank loans for coated and laminated packaging paper manufacturing? The SBA may be the answer. This $150,000 coated and laminated packaging paper manufacturing loan was issued by a Michigan bank. This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Select Bank, out of Grand Rapids, Michigan. The loan was granted and they received $150,000 to help grow their Grand Rapids, Michigan business. SBA Loan Borrower COMPANY TYPE: PAPER, COATED AND LAMINATED PACKAGING SBA Loan Lender SELECT BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2671 - Paper, Coated and Laminated Packaging NAICS Code 322221 - Coated and Laminated Packaging Paper Manufacturing Loan Approval Date 7/17/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 8 employees. The loan application did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Select Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Raising VC Money for Social Networking Companies Best Banks for Small Business in Grand Rapids, Michigan
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