Get an SBA Loan for Rubber Product Manufacturing for Mechanical Use

Looking for small business loans for rubber product manufacturing for mechanical use? Try the SBA. This $270,000 rubber product manufacturing for mechanical use loan was issued by a Michigan bank.

This company knew how to go about getting a business bank loan. Based in Rochester, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Fifth Third Bank, based in Southfield, Michigan.

SBA Loan Borrower

COMPANY TYPE: RUBBER PRODUCT MANUFACTURING FOR MECHANICAL USE
ROCHESTER, MI 48309

SBA Loan Lender

FIFTH THIRD BANK
27255 LAHSER RD
SOUTHFIELD, MI 48034

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

326291 - Rubber Product Manufacturing for Mechanical Use

Loan Approval Date

12/28/2001

Loan Approval Gross Amount

$270,000

Loan Approval from the SBA

Of the total $270,000 loan amount, the SBA guaranteed $202,500.

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 60 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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