Plastics and Rubber Industry Machinery Manufacturing Business Loans
With these business loans for plastics and rubber industry machinery manufacturing, the SBA guarantees the lender that the loan will be repaid. This plastics and rubber industry machinery manufacturing loan for $375,000 was given to a California entrepreneur in 2002.
This small business knew how to go about getting a business bank loan. Based in Stockton, California, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Bank Of The West, based in Tracy, California.
SBA Loan Borrower
COMPANY TYPE: GASKETS, PACKING, AND SEALING DEVICES
STOCKTON, CA 95215
SBA Loan Lender
BANK OF THE WEST
810 SCHULTE RD
TRACY, CA 95376
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to to our country's hard-working small business owners.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
3053 - Gaskets, Packing, and Sealing Devices
NAICS Code
333220 - Plastics and Rubber Industry Machinery Manufacturing
Loan Approval Date
3/29/2002
Loan Approval Gross Amount
$375,000
Loan Approval from the SBA
Of the total $375,000 loan amount, the SBA guaranteed $281,250.
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 18 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.
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Every year, the SBA guarantees over $10 billion for loans just like this one.
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.
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