Commercial Loans for Urethane and Foam Product Manufacturing

Looking for commercial loans for urethane and foam product manufacturing? An SBA loan may be just what you've been looking for. This $808,800 urethane and foam product manufacturing loan was issued by a Missouri bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Springfield, Missouri was able to borrow $808,800 from Liberty Bank. The SBA made the loan possible by guaranteeing $606,600 of this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: PLASTICS FOAM PRODUCTS
SPRINGFIELD, MO 65802

SBA Loan Lender

LIBERTY BANK
1414 E PRIMROSE
SPRINGFIELD, MO 65804

This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3086 - Plastics Foam Products

NAICS Code

326150 - Urethane and Foam Product Manufacturing

Loan Approval Date

1/25/2005

Loan Approval Gross Amount

$808,800

Loan Approval from the SBA

Of the total $808,800 loan amount, the SBA guaranteed $606,600.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Liberty Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Choosing VC Firms

Best Springfield, Missouri Banks for Small Business

Missouri SBA 7A Banks