Borrowing Money for Converted Paper Product Manufacturing
Looking for bank loans for converted paper product manufacturing? The SBA may be the answer. This $100,000 converted paper product manufacturing loan was issued by a Tennessee bank.
This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Suntrust Bank, out of Savannah, Tennessee. The loan was granted and they received $100,000 to help grow their Pickwick Dam, Tennessee business.
SBA Loan Borrower
COMPANY TYPE: CONVERTED PAPER AND PAPERBOARD PRODUCTS, N.E.C
PICKWICK DAM, TN 38365
SBA Loan Lender
SUNTRUST BANK
275 MAIN ST
SAVANNAH, TN 38372
This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
2679 - Converted Paper and Paperboard Products, N.E.C
NAICS Code
322299 - Converted Paper Product Manufacturing
Loan Approval Date
4/11/2002
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $85,000.
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 5 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
We can help you find the best banks for small businesses in Pickwick Dam or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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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