Getting an SBA Loan for Adhesive Manufacturing

With these SBA loans for adhesive manufacturing, the SBA guarantees the lender that the loan will be repaid. This adhesive manufacturing loan for $400,000 was given to a Louisiana entrepreneur in 2000.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mandeville, Louisiana was able to borrow $400,000 from Capital One. The SBA made the loan possible by guaranteeing $360,000 of this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: ADHESIVES AND SEALANTS
MANDEVILLE, LA 70471

SBA Loan Lender

CAPITAL ONE
3840 EMERALD RD HWY 22
MANDEVILLE, LA 70471

At the time this loan was granted, this bank was part of the SBA's Certified Lenders Program (CLP). This program aims to provide fast service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2891 - Adhesives and Sealants

NAICS Code

325520 - Adhesive Manufacturing

Loan Approval Date

9/13/2000

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $360,000.

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 6 employees. The loan application did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $400,000 loan. Remember, feel the fear, and do it anyway.

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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