Borrowing Money for Burial Casket Manufacturing

Looking for bank loans for burial casket manufacturing? Try the SBA. This $36,583 burial casket manufacturing loan was issued by a bank.

This small firm knew how to go about getting a business bank loan. Based in Hagatna, , they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was The Bank Of Guam, based in Hagatna, .

SBA Loan Borrower

COMPANY TYPE: BURIAL CASKET MANUFACTURING
HAGATNA, GU 96932

SBA Loan Lender

THE BANK OF GUAM
111 CHALAN SANTO PAPA
HAGATNA, GU 96910

This lender issued this loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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.

NAICS Code

339995 - Burial Casket Manufacturing

Loan Approval Date

12/6/2000

Loan Approval Gross Amount

$36,583

Loan Approval from the SBA

Of the total $36,583 loan amount, the SBA guaranteed $29,266.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like The Bank Of Guam and they will explain how you can get an SBA loan for your company.

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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