Urethane and Foam Product Manufacturing Business Loans

Looking for business loans for urethane and foam product manufacturing? The SBA may be the answer. This $50,000 urethane and foam product manufacturing loan was issued by an Alabama bank.

This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Compass Bank, out of Birmingham, Alabama. The loan was granted and they received $50,000 to help grow their Phoenix, Arizona business.

SBA Loan Borrower

COMPANY TYPE: URETHANE AND FOAM PRODUCT MANUFACTURING
PHOENIX, AZ 85009

SBA Loan Lender

COMPASS BANK
15 S 20TH ST
BIRMINGHAM, AL 35233

This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

326150 - Urethane and Foam Product Manufacturing

Loan Approval Date

9/5/2007

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

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 17 employees. The SBA loan documents indicated that the loan would help retain 17 existing jobs.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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