Converted Paper Product Manufacturing Loans

With these loans for converted paper product manufacturing, the SBA guarantees the lender that the loan will be repaid. This converted paper product manufacturing loan for $137,000 was given to an Indiana entrepreneur in 2006.

This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Keybank National Association, out of Cleveland, Ohio. The loan was granted and they received $137,000 to help grow their Martinsville, Indiana business.

SBA Loan Borrower

COMPANY TYPE: CONVERTED PAPER PRODUCT MANUFACTURING
Martinsville, IN 46151

SBA Loan Lender

KEYBANK NATIONAL ASSOCIATION
127 PUBLIC SQ
CLEVELAND, OH 44114

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

322299 - Converted Paper Product Manufacturing

Loan Approval Date

5/25/2006

Loan Approval Gross Amount

$137,000

Loan Approval from the SBA

Of the total $137,000 loan amount, the SBA guaranteed $116,450.

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 3 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 3 existing jobs.

Getting an SBA Loan For Your Business

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Keybank National Association that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

Related Links:

Determining Proper Capital Structure for a Business

Small Business Banks in Cleveland, Ohio

Ohio SBA 7A Lenders