Commercial Loans for Unsupported Plastics Film and Sheet Manufacturing

Looking for commercial loans for unsupported plastics film and sheet manufacturing? The SBA may be the answer. This $1,000,000 unsupported plastics film and sheet manufacturing loan was issued by a Minnesota bank.

This business knew how to go about getting a business bank loan. Based in Lino Lakes, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was North American Banking Company, based in Roseville, Minnesota.

SBA Loan Borrower

COMPANY TYPE: UNSUPPORTED PLASTICS FILM AND SHEET MANUFACTURING
LINO LAKES, MN 55038

SBA Loan Lender

NORTH AMERICAN BANKING COMPANY
1901 OAKCREST AVE
ROSEVILLE, MN 55113

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA small business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

326113 - Unsupported Plastics Film and Sheet Manufacturing

Loan Approval Date

11/29/2004

Loan Approval Gross Amount

$1,000,000

Loan Approval from the SBA

Of the total $1,000,000 loan amount, the SBA guaranteed $750,000.

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 only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,000,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Obtaining Funding - How to Decide How Much to Raise

Banks in Roseville, Minnesota

Getting a Business Loan in Minnesota