How to Get a Loan for Dry Pasta Manufacturing

Looking for commercial loans for dry pasta manufacturing? Try the SBA. This $75,000 dry pasta manufacturing loan was issued by a Virginia bank.

This small business knew how to go about getting a business bank loan. Based in Charlottesville, Virginia, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was United Bank, based in Charlottesville, Virginia.

SBA Loan Borrower

COMPANY TYPE: FOOD PREPARATIONS
CHARLOTTESVILLE, VA 22902

SBA Loan Lender

UNITED BANK
1265 SEMINOLE TRL
CHARLOTTESVILLE, VA 22901

This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2099 - Food Preparations

NAICS Code

311823 - Dry Pasta Manufacturing

Loan Approval Date

10/11/2001

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

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 6 employees. This SBA loan request did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

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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