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May 16, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Holland, Business Loans > Paragon Bank & Trust Holland Business Loans > Plastics Product Manufacturing Loan | ||||
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Business Loans for Zeeland Entrepreneurs
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Business Loans for Plastics Product ManufacturingLooking for business loans for plastics product manufacturing? The SBA may be the answer. This $699,000 plastics product manufacturing loan was issued by a Michigan bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Zeeland, Michigan was able to borrow $699,000 from Paragon Bank & Trust. The SBA made the loan possible by guaranteeing $524,250 of this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: PLASTICS PRODUCT MANUFACTURING SBA Loan Lender PARAGON BANK & TRUST This lender provides SBA business 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 326199 - Plastics Product Manufacturing Loan Approval Date 10/19/2004 Loan Approval Gross Amount $699,000 Loan Approval from the SBA Of the total $699,000 loan amount, the SBA guaranteed $524,250. 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 55 employees. This SBA loan request indicated that the loan would help generate 10 new jobs and retain 65 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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. Related Links: Small Business Banks in Holland, Michigan
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