Sanitary Paper Product Manufacturing Small Business Loans

With these small business loans for sanitary paper product manufacturing, the SBA guarantees the lender that the loan will be repaid. This sanitary paper product manufacturing loan for $700,000 was given to a Florida entrepreneur in 2005.

Getting a small business loan in Hialeah, Florida was important for this growing firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Interamerican Bank, Fsb, operating out of Hialeah, Florida. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: SANITARY PAPER PRODUCTS
HIALEAH, FL 33013

SBA Loan Lender

INTERAMERICAN BANK, FSB
4090 W 12TH AVE
HIALEAH, FL 33012

This lender issued this loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started 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

2676 - Sanitary Paper Products

NAICS Code

322291 - Sanitary Paper Product Manufacturing

Loan Approval Date

3/17/2005

Loan Approval Gross Amount

$700,000

Loan Approval from the SBA

Of the total $700,000 loan amount, the SBA guaranteed $525,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 28 employees. This SBA loan request did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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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