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November 21, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Fond Du Lac, Business Loans > Hometown Bank Fond Du Lac Business Loans > Custom Compounding Of Purchased Plastics Resins Loan | ||||
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Tips for Small Business Owners On Getting a Loan
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Plastics Product Manufacturing Small Business LoansWith these small business loans for plastics product manufacturing, the SBA guarantees the lender that the loan will be repaid. This plastics product manufacturing loan for $365,000 was given to a Wisconsin entrepreneur in 2001. This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Hometown Bank, out of Fond Du Lac, Wisconsin. The loan was granted and they received $365,000 to help grow their Oshkosh, Wisconsin business. SBA Loan Borrower COMPANY TYPE: CUSTOM COMPOUNDING OF PURCHASED PLASTICS RESINS SBA Loan Lender HOMETOWN BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3087 - Custom Compounding of Purchased Plastics Resins NAICS Code 326199 - Plastics Product Manufacturing Loan Approval Date 6/25/2001 Loan Approval Gross Amount $365,000 Loan Approval from the SBA Of the total $365,000 loan amount, the SBA guaranteed $273,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the business promised to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $365,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: SBA Participating Banks in Fond Du Lac, Wisconsin
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