SBA Loans for Rubber and Plastics Hoses and Belting Manufacturing

With these SBA loans for rubber and plastics hoses and belting manufacturing, the SBA guarantees the lender that the loan will be repaid. This rubber and plastics hoses and belting manufacturing loan for $162,600 was given to a Colorado entrepreneur in 2001.

This business knew how to go about getting a business bank loan. Based in Colorado Springs, Colorado, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Key Direct, A Branch Of, based in Brooklyn, Ohio.

SBA Loan Borrower

COMPANY TYPE: RUBBER AND PLASTICS HOSE AND BELTING
COLORADO SPRINGS, CO 80919

SBA Loan Lender

KEY DIRECT, A BRANCH OF
4910 TIEDEMAN RD, OH-01-51-06
BROOKLYN, OH 44144

This lender issued this business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3052 - Rubber and Plastics Hose and Belting

NAICS Code

326220 - Rubber and Plastics Hoses and Belting Manufacturing

Loan Approval Date

5/4/2001

Loan Approval Gross Amount

$162,600

Loan Approval from the SBA

Of the total $162,600 loan amount, the SBA guaranteed $121,950.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The loan application did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We can help you find the best banks for small businesses in Colorado Springs or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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SBA Banks in Brooklyn, Ohio

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