Business Loans for Pressed and Blown Glass and Glassware Manufacturing

Looking for business loans for pressed and blown glass and glassware manufacturing? An SBA loan may be just what you've been looking for. This $2,000,000 pressed and blown glass and glassware manufacturing loan was issued by a West Virginia bank.

This business knew how to go about getting a business bank loan. Based in Williamstown, West Virginia, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was United Bank, based in Parkersburg, West Virginia.

SBA Loan Borrower

COMPANY TYPE: PRESSED AND BLOWN GLASS AND GLASSWARE
WILLIAMSTOWN, WV 26187

SBA Loan Lender

UNITED BANK
514 MARKET ST
PARKERSBURG, WV 26101

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

3229 - Pressed and Blown Glass and Glassware

NAICS Code

327212 - Pressed and Blown Glass and Glassware Manufacturing

Loan Approval Date

9/28/2005

Loan Approval Gross Amount

$2,000,000

Loan Approval from the SBA

Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 348 employees. This SBA loan request did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. United Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, United Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Obtaining Funding - Getting Venture Capital

Who Lends Money to Small Businesses in Parkersburg, West Virginia

SBA West Virginia Banks