Plastics Product Manufacturing Small Business Loans
Looking for small business loans for plastics product manufacturing? Talk to a banker who works with the SBA. This $146,300 plastics product manufacturing loan was issued by an Arkansas bank.
Getting a small business loan in Hermitage, Arkansas was important for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Mcgehee Bank, operating out of Mcgehee, Arkansas. Here are the details on this Arkansas small business loan.
SBA Loan Borrower
COMPANY TYPE: PLASTICS PRODUCT MANUFACTURING
HERMITAGE, AR 71647
SBA Loan Lender
MCGEHEE BANK
301 N 2ND ST
MCGEHEE, AR 71654
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 American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
326199 - Plastics Product Manufacturing
Loan Approval Date
11/27/2001
Loan Approval Gross Amount
$146,300
Loan Approval from the SBA
Of the total $146,300 loan amount, the SBA guaranteed $124,355.
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 6 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
If you are raising money in Hermitage AR, you ought to talk with a local Hermitage SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hermitage businesses.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Mcgehee Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Mcgehee 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:
Understanding Dilution
Banks in Mcgehee, Arkansas
Arkansas SBA Bank Lenders