Plastics Material and Resin Manufacturing Small Business Loans

Looking for small business loans for plastics material and resin manufacturing? Talk to a banker who works with the SBA. This $150,000 plastics material and resin manufacturing loan was issued by a Michigan bank.

This company knew how to go about getting a business bank loan. Based in Manistee, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Northwestern Bank, based in Traverse City, Michigan.

SBA Loan Borrower

COMPANY TYPE: PLASTICS MATERIAL AND RESIN MANUFACTURING
MANISTEE, MI 49660

SBA Loan Lender

NORTHWESTERN BANK
625 S GARFIELD
TRAVERSE CITY, MI 49686

This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

325211 - Plastics Material and Resin Manufacturing

Loan Approval Date

4/2/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

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 2 employees. The SBA loan application for the borrower indicated that the funding would help generate 1 new job.

Getting an SBA Loan For Your Business

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.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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