Plastics and Rubber Industry Machinery Manufacturing Commercial Loans

Looking for commercial loans for plastics and rubber industry machinery manufacturing? An SBA loan may be just what you've been looking for. This $124,000 plastics and rubber industry machinery manufacturing loan was issued by a Connecticut bank.

This small business knew how to go about getting a business bank loan. Based in Maywood, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Ups Capital Business Credit, based in Windsor, Connecticut.

SBA Loan Borrower

COMPANY TYPE: PLASTICS AND RUBBER INDUSTRY MACHINERY MANUFACTURING
MAYWOOD, MI 48042

SBA Loan Lender

UPS CAPITAL BUSINESS CREDIT
425 DAY HILL RD
WINDSOR, CT 06095

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333220 - Plastics and Rubber Industry Machinery Manufacturing

Loan Approval Date

4/9/2001

Loan Approval Gross Amount

$124,000

Loan Approval from the SBA

Of the total $124,000 loan amount, the SBA guaranteed $105,400.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 28 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 28 existing jobs.

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

If you want money for new small business in Maywood MI, you ought to talk with a local Maywood SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Maywood businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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