Plastics Materials and Basic Forms and Shapes Merchant Wholesalers Loans
Looking for loans for plastics materials and basic forms and shapes merchant wholesalers? The SBA may be the answer. This $350,000 plastics materials and basic forms and shapes merchant wholesalers loan was issued by a Minnesota bank.
This company knew how to go about getting a business bank loan. Based in Hubbard, Oregon, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Ultima Bank Minnesota, based in Winger, Minnesota.
SBA Loan Borrower
COMPANY TYPE: PLASTICS MATERIALS AND BASIC FORMS AND SHAPES MERCHANT WHOLESALERS
HUBBARD, OR 97032
SBA Loan Lender
ULTIMA BANK MINNESOTA
649 MAIN ST
WINGER, MN 56592
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
424610 - Plastics Materials and Basic Forms and Shapes Merchant Wholesalers
Loan Approval Date
1/25/2006
Loan Approval Gross Amount
$350,000
Loan Approval from the SBA
Of the total $350,000 loan amount, the SBA guaranteed $175,000.
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 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs.
Getting an SBA Loan For Your Business
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
We can help you find the best banks for small businesses in Hubbard 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.
Related Links:
Equity Financing
Small Bank Loans in Winger, Minnesota
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