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May 15, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Alto Pass, Business Loans > Farmers St. Bank - Alto Pass Alto Pass Business Loans > Plastics Material And Resin Manufacturing Loan | ||||
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Alto Pass SBA Lenders
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Alto Pass, Illinois Lender Lends Money to Plastics Material And Resin Manufacturing CompanyThinking about meeting with an Alto Pass, Illinois bank about an SBA loan? Here's one Indiana business loan, issued by an Alto Pass bank, that was approved by the SBA. Applying for an SBA loan with Farmers St. Bank - Alto Pass worked out well for our friends at one local firm in Evansville, Indiana. They received an SBA loan for $2,000,000. Awesome! SBA Loan Borrower COMPANY TYPE: PLASTICS MATERIAL AND RESIN MANUFACTURING SBA Loan Lender FARMERS ST. BANK - ALTO PASS The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA small 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. NAICS Code 325211 - Plastics Material and Resin Manufacturing Loan Approval Date 5/24/2007 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. This loan was not for a franchise. At the time of the loan, the company had 29 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 26 existing jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This SBA loan was for $2,000,000. How would you spend $2,000,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Banking Deregulation's Effects on Entrepreneurship Good Banks for Small Business in Alto Pass, Illinois
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