Get an SBA Loan for Paper Industry Machinery Manufacturing

With these small business loans for paper industry machinery manufacturing, the SBA guarantees the lender that the loan will be repaid. This paper industry machinery manufacturing loan for $250,000 was given to a North Carolina entrepreneur in 2004.

This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Bank Of Granite, out of Granite Falls, North Carolina. The loan was granted and they received $250,000 to help grow their Newton, North Carolina business.

SBA Loan Borrower

COMPANY TYPE: PAPER INDUSTRY MACHINERY MANUFACTURING
NEWTON, NC 28658

SBA Loan Lender

BANK OF GRANITE
23 N MAIN ST
GRANITE FALLS, NC 28630

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

333291 - Paper Industry Machinery Manufacturing

Loan Approval Date

7/21/2004

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $125,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 11 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 11 existing jobs.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank Of Granite had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank Of Granite 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.

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