Raising Money for Coated and Laminated Packaging Paper Manufacturing

With these business loans for coated and laminated packaging paper manufacturing, the SBA guarantees the lender that the loan will be repaid. This coated and laminated packaging paper manufacturing loan for $317,000 was given to an Ohio entrepreneur in 2003.

Getting a small business loan in Millersport, Ohio was important for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from The Huntington National Bank, operating out of Canton, Ohio. Here are the details on this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: COATED AND LAMINATED PACKAGING PAPER MANUFACTURING
MILLERSPORT, OH 43046

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
220 MARKET AVE SOUTH, UNITED
CANTON, OH 44702

This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

322221 - Coated and Laminated Packaging Paper Manufacturing

Loan Approval Date

11/25/2003

Loan Approval Gross Amount

$317,000

Loan Approval from the SBA

Of the total $317,000 loan amount, the SBA guaranteed $237,750.

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 6 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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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