Loans for Urethane and Foam Product Manufacturing
Looking for loans for urethane and foam product manufacturing? The SBA may be the answer. This $100,000 urethane and foam product manufacturing loan was issued by a Maine bank.
This company knew how to go about getting a business bank loan. Based in Saco, Maine, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Rivergreen Bank, based in Kennebunk, Maine.
SBA Loan Borrower
COMPANY TYPE: URETHANE AND FOAM PRODUCT MANUFACTURING
SACO, ME 04072
SBA Loan Lender
RIVERGREEN BANK
36 PORTLAND RD
KENNEBUNK, ME 04043
This lender processed this business 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
6/30/2005
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $50,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 3 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.
Getting an SBA Loan For Your Business
If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money
If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Rivergreen Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Strategic Investors
SBA 7A Banks for Kennebunk, Maine Loans
Getting a Business Loan in Maine