Borrowing Money for Packaging Machinery Manufacturing

Looking for loans for packaging machinery manufacturing? Talk to a banker who works with the SBA. This $374,000 packaging machinery manufacturing loan was issued by an Alabama bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Montgomery, Alabama was able to borrow $374,000 from Compass Bank. The SBA made the loan possible by guaranteeing $280,500 of this Alabama small business loan.

SBA Loan Borrower

COMPANY TYPE: PACKAGING MACHINERY
MONTGOMERY, AL 36124

SBA Loan Lender

COMPASS BANK
15 S 20TH ST
BIRMINGHAM, AL 35233

This bank loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending track record and a thorough understanding of SBA lending rules and regulations.

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

1/25/2000

Loan Approval Gross Amount

$374,000

Loan Approval from the SBA

Of the total $374,000 loan amount, the SBA guaranteed $280,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 2 employees. The loan application did not indicate that the SBA funding recipient 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?

If you need money to start business in Montgomery AL, you ought to talk with a local Montgomery SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Montgomery businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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