How to Get a Loan for Unsupported Plastics Film and Sheet Manufacturing

With these commercial loans for unsupported plastics film and sheet manufacturing, the SBA guarantees the lender that the loan will be repaid. This unsupported plastics film and sheet manufacturing loan for $50,000 was given to a Massachusetts entrepreneur in 2003.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Plymouth, Massachusetts was able to borrow $50,000 from Eastern Bank. The SBA made the loan possible by guaranteeing $42,500 of this Massachusetts small business loan.

SBA Loan Borrower

COMPANY TYPE: UNSUPPORTED PLASTICS FILM AND SHEET
PLYMOUTH, MA 02360

SBA Loan Lender

EASTERN BANK
151 CAMPANELLI DR
MIDDLEBOROUGH, MA 02346

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3081 - Unsupported Plastics Film and Sheet

NAICS Code

326113 - Unsupported Plastics Film and Sheet Manufacturing

Loan Approval Date

8/29/2003

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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