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November 15, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Pasadena, Business Loans > K Bank Pasadena Business Loans > Plastics Products Loan | ||||
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SBA Lenders in Rockville, Maryland
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Business Loan from K Bank Given to Plastics Products CompanyK Bank has a track record as a leading provider of SBA loans. Find out how this Maryland entrepreneur received an SBA loan from them. This small firm knew how to go about getting a business bank loan. Based in Rockville, Maryland, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was K Bank, based in Pasadena, Maryland. SBA Loan Borrower COMPANY TYPE: PLASTICS PRODUCTS SBA Loan Lender K BANK This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3089 - Plastics Products Loan Approval Date 7/13/2000 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $64,000. 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 12 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA Approved Banks in Pasadena, Maryland
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