Glass Product Manufacturing Made of Purchased Glass Small Business Loans
Looking for small business loans for glass product manufacturing made of purchased glass? Try the SBA. This $80,000 glass product manufacturing made of purchased glass loan was issued by an Indiana bank.
This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Old National Bank, out of Muncie, Indiana. The loan was granted and they received $80,000 to help grow their New Castle, Indiana business.
SBA Loan Borrower
COMPANY TYPE: GLASS PRODUCTS, MADE OF PURCHASED GLASS
NEW CASTLE, IN 47362
SBA Loan Lender
OLD NATIONAL BANK
110 E MAIN
MUNCIE, IN 47305
This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
3231 - Glass Products, Made of Purchased Glass
NAICS Code
327215 - Glass Product Manufacturing Made of Purchased Glass
Loan Approval Date
4/6/2000
Loan Approval Gross Amount
$80,000
Loan Approval from the SBA
Of the total $80,000 loan amount, the SBA guaranteed $64,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 3 employees. This SBA loan request did not indicate that the business promised to use the funding to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
We've showcased information on this loan to let you know that businesses like yours 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:
Financing Your Business
SBA 7A Banks in Muncie, Indiana
SBA Participating Banks in Indiana