Financing for Paper Industry Machinery Manufacturing

Looking for commercial loans for paper industry machinery manufacturing? Talk to a banker who works with the SBA. This $1,000,000 paper industry machinery manufacturing loan was issued by a Wisconsin bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in South Beloit, Illinois was able to borrow $1,000,000 from 1st National Bank & Trust. The SBA made the loan possible by guaranteeing $750,000 of this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: PAPER INDUSTRIES MACHINERY
SOUTH BELOIT, IL 61080

SBA Loan Lender

1ST NATIONAL BANK & TRUST
345 E GRAND AVE
BELOIT, WI 53512

This commercial 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

3554 - Paper Industries Machinery

NAICS Code

333291 - Paper Industry Machinery Manufacturing

Loan Approval Date

3/14/2000

Loan Approval Gross Amount

$1,000,000

Loan Approval from the SBA

Of the total $1,000,000 loan amount, the SBA guaranteed $750,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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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