Bank Loans for Urethane and Foam Product Manufacturing

Looking for bank loans for urethane and foam product manufacturing? Talk to a banker who works with the SBA. This $850,000 urethane and foam product manufacturing loan was issued by an Indiana bank.

This company knew how to go about getting a business bank loan. Based in Scottsburg, Indiana, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Indiana Bank And Trust, based in Columbus, Indiana.

SBA Loan Borrower

COMPANY TYPE: PLASTICS FOAM PRODUCTS
SCOTTSBURG, IN 47170

SBA Loan Lender

INDIANA BANK AND TRUST
3801 TUPELO DR
COLUMBUS, IN 47201

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3086 - Plastics Foam Products

NAICS Code

326150 - Urethane and Foam Product Manufacturing

Loan Approval Date

3/17/2000

Loan Approval Gross Amount

$850,000

Loan Approval from the SBA

Of the total $850,000 loan amount, the SBA guaranteed $535,500.

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 85 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new 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.

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.

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SBA Banks in Columbus, Indiana

SBA Indiana Lenders