Borrowing Money for Rubber Product Manufacturing for Mechanical Use
Looking for loans for rubber product manufacturing for mechanical use? An SBA loan may be just what you've been looking for. This $168,400 rubber product manufacturing for mechanical use loan was issued by a Delaware bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in New Castle, Delaware was able to borrow $168,400 from Wilmington Savings Fund Societ. The SBA made the loan possible by guaranteeing $126,300 of this Delaware small business loan.
SBA Loan Borrower
COMPANY TYPE: RUBBER PRODUCT MANUFACTURING FOR MECHANICAL USE
NEW CASTLE, DE 19720
SBA Loan Lender
WILMINGTON SAVINGS FUND SOCIET
500 DELAWARE AVE
WILMINGTON, DE 19801
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
326291 - Rubber Product Manufacturing for Mechanical Use
Loan Approval Date
11/14/2005
Loan Approval Gross Amount
$168,400
Loan Approval from the SBA
Of the total $168,400 loan amount, the SBA guaranteed $126,300.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 8 employees. The SBA loan documents indicated that the borrowed money would help generate 8 new 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.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $168,400 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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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