Small Business Loans for Polystyrene Foam Product Manufacturing

With these small business loans for polystyrene foam product manufacturing, the SBA guarantees the lender that the loan will be repaid. This polystyrene foam product manufacturing loan for $332,332 was given to an Alaska entrepreneur in 2004.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Wasilla, Alaska was able to borrow $332,332 from First National Bank Alaska. The SBA made the loan possible by guaranteeing $249,249 of this Alaska small business loan.

SBA Loan Borrower

COMPANY TYPE: PLASTICS FOAM PRODUCTS
WASILLA, AK 99687

SBA Loan Lender

FIRST NATIONAL BANK ALASKA
775 E PARKS HWY
WASILLA, AK 99654

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA business 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

3086 - Plastics Foam Products

NAICS Code

326140 - Polystyrene Foam Product Manufacturing

Loan Approval Date

1/29/2004

Loan Approval Gross Amount

$332,332

Loan Approval from the SBA

Of the total $332,332 loan amount, the SBA guaranteed $249,249.

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 2 employees. This SBA loan request did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

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 First National Bank Alaska 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:

Dealing With Venture Capitalists

SBA Participating Banks in Wasilla, Alaska

Browse All Business Loan Sources for Alaska