Where to Get Capital for Unsupported Plastics Film and Sheet Manufacturing

Looking for small business loans for unsupported plastics film and sheet manufacturing? An SBA loan may be just what you've been looking for. This $150,000 unsupported plastics film and sheet manufacturing loan was issued by an Illinois bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Pinckneyville, Illinois was able to borrow $150,000 from Murphy-Wall St. Bank & Trust. The SBA made the loan possible by guaranteeing $135,000 of this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: UNSUPPORTED PLASTICS FILM AND SHEET
PINCKNEYVILLE, IL 62274

SBA Loan Lender

MURPHY-WALL ST. BANK & TRUST
105 E WATER ST
PINCKNEYVILLE, IL 62274

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3081 - Unsupported Plastics Film and Sheet

NAICS Code

326113 - Unsupported Plastics Film and Sheet Manufacturing

Loan Approval Date

9/28/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $135,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

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 $150,000 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:

Borrowing Money from Friends and Family

SBA Banks in Pinckneyville, Illinois

Illinois SBA 7A Banks