Get an SBA Loan for Rubber Product Manufacturing
Looking for small business loans for rubber product manufacturing? Try the SBA. This $350,000 rubber product manufacturing loan was issued by a Georgia bank.
This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Omni National Bank, out of Atlanta, Georgia. The loan was granted and they received $350,000 to help grow their Ranger, Georgia business.
SBA Loan Borrower
COMPANY TYPE: RUBBER PRODUCT MANUFACTURING
RANGER, GA 30734
SBA Loan Lender
OMNI NATIONAL BANK
5 CONCOURSE PKWY, STE 100, QU
ATLANTA, GA 30328
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
326299 - Rubber Product Manufacturing
Loan Approval Date
1/30/2004
Loan Approval Gross Amount
$350,000
Loan Approval from the SBA
Of the total $350,000 loan amount, the SBA guaranteed $262,500.
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 23 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 23 existing jobs.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Omni National Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.
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:
Microlending as a Small Business Funding Source
SBA 7A Banks in Atlanta, Georgia
Getting a Business Loan in Georgia