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May 8, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > St. Louis, Business Loans > Ge Cap. Small Business Finan Corp St. Louis Business Loans > Plastics Product Manufacturing Loan | ||||
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Grand Rapids, Michigan Bank for SBA Loans
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Plastics Product Manufacturing Commercial LoansLooking for commercial loans for plastics product manufacturing? Try the SBA. This $410,000 plastics product manufacturing loan was issued by a Missouri bank. Getting a small business loan in Grand Rapids, Michigan was important for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Ge Cap. Small Business Finan Corp, operating out of St. Louis, Missouri. Here are the details on this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: PLASTICS PRODUCT MANUFACTURING SBA Loan Lender GE CAP. SMALL BUSINESS FINAN CORP This commercial loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 326199 - Plastics Product Manufacturing Loan Approval Date 12/13/2002 Loan Approval Gross Amount $410,000 Loan Approval from the SBA Of the total $410,000 loan amount, the SBA guaranteed $307,500. 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 80 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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. Related Links: Small Bank Loans in St. Louis, Missouri
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