Raising Money for Plastics, Foil, and Coated Paper Bag Manufacturing

With these business loans for plastics, foil, and coated paper bag manufacturing, the SBA guarantees the lender that the loan will be repaid. This plastics, foil, and coated paper bag manufacturing loan for $1,070,000 was given to a Tennessee entrepreneur in 2000.

This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Merrill Lynch Bank Usa, out of Salt Lake City, Utah. The loan was granted and they received $1,070,000 to help grow their Lyles (rr Name Lyle), Tennessee business.

SBA Loan Borrower

COMPANY TYPE: PLASTICS, FOIL, AND COATED PAPER BAG MANUFACTURING
LYLES (RR NAME LYLE), TN 37098

SBA Loan Lender

MERRILL LYNCH BANK USA
15 W SOUTH TEMPLE, STE 300
SALT LAKE CITY, UT 84101

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

322223 - Plastics, Foil, and Coated Paper Bag Manufacturing

Loan Approval Date

12/20/2000

Loan Approval Gross Amount

$1,070,000

Loan Approval from the SBA

Of the total $1,070,000 loan amount, the SBA guaranteed $674,100.

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 125 employees. The SBA loan documents indicated that the loan would help retain 125 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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