Business Loans for Paper Industry Machinery Manufacturing

With these business loans for paper industry machinery manufacturing, the SBA guarantees the lender that the loan will be repaid. This paper industry machinery manufacturing loan for $279,000 was given to a Wisconsin entrepreneur in 2003.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Green Bay, Wisconsin was able to borrow $279,000 from Associated Bank. The SBA made the loan possible by guaranteeing $209,250 of this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: PAPER INDUSTRIES MACHINERY
GREEN BAY, WI 54302

SBA Loan Lender

ASSOCIATED BANK
200 N ADAMS ST
GREEN BAY, WI 54301

This lender issued this commercial loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3554 - Paper Industries Machinery

NAICS Code

333291 - Paper Industry Machinery Manufacturing

Loan Approval Date

5/5/2003

Loan Approval Gross Amount

$279,000

Loan Approval from the SBA

Of the total $279,000 loan amount, the SBA guaranteed $209,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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.

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