Folding Paperboard Box Manufacturing SBA Loans

Looking for SBA loans for folding paperboard box manufacturing? Try the SBA. This $150,000 folding paperboard box manufacturing loan was issued by a Minnesota bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Superior, Wisconsin was able to borrow $150,000 from Beacon Bank. The SBA made the loan possible by guaranteeing $127,500 of this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: FOLDING PAPERBOARD BOXES
SUPERIOR, WI 54880

SBA Loan Lender

BEACON BANK
401 W SUPERIOR ST
DULUTH, MN 55802

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2657 - Folding Paperboard Boxes

NAICS Code

322212 - Folding Paperboard Box Manufacturing

Loan Approval Date

9/9/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 10 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start business in Superior WI, you ought to talk with a local Superior SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Superior businesses.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Financing Your Business

Small Business Banks in Duluth, Minnesota

Where to Get an SBA Loan Minnesota