Small Business Loans for Corrugated and Solid Fiber Box Manufacturing

Looking for small business loans for corrugated and solid fiber box manufacturing? The SBA may be the answer. This $305,000 corrugated and solid fiber box manufacturing loan was issued by a Pennsylvania bank.

This small firm knew how to go about getting a business bank loan. Based in Hughesville, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Omega Bank, based in Lewisburg, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: CORRUGATED AND SOLID FIBER BOXES
HUGHESVILLE, PA 17737

SBA Loan Lender

OMEGA BANK
7409 W BRANCH HWY
LEWISBURG, PA 17837

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2653 - Corrugated and Solid Fiber Boxes

NAICS Code

322211 - Corrugated and Solid Fiber Box Manufacturing

Loan Approval Date

2/8/2001

Loan Approval Gross Amount

$305,000

Loan Approval from the SBA

Of the total $305,000 loan amount, the SBA guaranteed $228,750.

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. This SBA loan request did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Omega Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Omega Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Choosing VC Firms

Banks in Lewisburg, Pennsylvania

Getting an SBA Loan in Pennsylvania