Plastics Bottle Manufacturing Commercial Loans

With these commercial loans for plastics bottle manufacturing, the SBA guarantees the lender that the loan will be repaid. This plastics bottle manufacturing loan for $400,000 was given to a Rhode Island entrepreneur in 2004.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Pawtucket, Rhode Island was able to borrow $400,000 from Sovereign Bank. The SBA made the loan possible by guaranteeing $300,000 of this Rhode Island small business loan.

SBA Loan Borrower

COMPANY TYPE: PLASTICS BOTTLES
PAWTUCKET, RI 02809

SBA Loan Lender

SOVEREIGN BANK
ONE FINANCIAL PLZ
PROVIDENCE, RI 02903

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3085 - Plastics Bottles

NAICS Code

326160 - Plastics Bottle Manufacturing

Loan Approval Date

10/21/2004

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

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 25 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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 $400,000 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:

SBIR Funding

SBA 7A Banks for Providence, Rhode Island Loans

Find an SBA Lender in Rhode Island