Financing for Packaging Machinery Manufacturing

With these loans for packaging machinery manufacturing, the SBA guarantees the lender that the loan will be repaid. This packaging machinery manufacturing loan for $360,000 was given to an Oregon entrepreneur in 2003.

This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Mbank, out of Gladstone, Oregon. The loan was granted and they received $360,000 to help grow their Milwaukie, Oregon business.

SBA Loan Borrower

COMPANY TYPE: PACKAGING MACHINERY
MILWAUKIE, OR 97267

SBA Loan Lender

MBANK
35 SE 82ND DR
GLADSTONE, OR 97027

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3565 - Packaging Machinery

NAICS Code

333993 - Packaging Machinery Manufacturing

Loan Approval Date

6/19/2003

Loan Approval Gross Amount

$360,000

Loan Approval from the SBA

Of the total $360,000 loan amount, the SBA guaranteed $270,000.

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 4 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Mbank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Mbank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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Good Banks for Small Business in Gladstone, Oregon

SBA Lenders in Oregon