How to Get a Loan for Unsupported Plastics Film and Sheet Manufacturing

With these business loans for unsupported plastics film and sheet manufacturing, the SBA guarantees the lender that the loan will be repaid. This unsupported plastics film and sheet manufacturing loan for $561,000 was given to an Illinois entrepreneur in 2000.

This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with National City Bank, out of Libertyville, Illinois. The loan was granted and they received $561,000 to help grow their Woodstock, Illinois business.

SBA Loan Borrower

COMPANY TYPE: UNSUPPORTED PLASTICS FILM AND SHEET
WOODSTOCK, IL 60098

SBA Loan Lender

NATIONAL CITY BANK
325 N MILWAUKEE AVE
LIBERTYVILLE, IL 60048

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3081 - Unsupported Plastics Film and Sheet

NAICS Code

326113 - Unsupported Plastics Film and Sheet Manufacturing

Loan Approval Date

2/18/2000

Loan Approval Gross Amount

$561,000

Loan Approval from the SBA

Of the total $561,000 loan amount, the SBA guaranteed $420,750.

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 10 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a business or need money for an existing business, an SBA loan can be a great funding source

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from National City Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Equity Financing

SBA 7A Lenders in Libertyville, Illinois

SBA Illinois Lenders