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April 28, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Atlanta, Business Loans > Wachovia Bank Atlanta Business Loans > Plastics Materials And Resins Loan | ||||
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SBA Lender Largo Florida
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How to Get a Loan for Plastics Material and Resin ManufacturingWith these business loans for plastics material and resin manufacturing, the SBA guarantees the lender that the loan will be repaid. This plastics material and resin manufacturing loan for $57,780 was given to a Florida entrepreneur in 2002. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Largo, Florida was able to borrow $57,780 from Wachovia Bank. The SBA made the loan possible by guaranteeing $49,113 of this Florida small business loan. SBA Loan Borrower COMPANY TYPE: PLASTICS MATERIALS AND RESINS SBA Loan Lender WACHOVIA BANK This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with borrowing money. The low-doc program requires 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 2821 - Plastics Materials and Resins NAICS Code 325211 - Plastics Material and Resin Manufacturing Loan Approval Date 5/22/2002 Loan Approval Gross Amount $57,780 Loan Approval from the SBA Of the total $57,780 loan amount, the SBA guaranteed $49,113. 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 2 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Wachovia Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Family and Friend Investors - Your First Financiers
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