Plastics Plumbing Fixture Manufacturing Business Loans

With these business loans for plastics plumbing fixture manufacturing, the SBA guarantees the lender that the loan will be repaid. This plastics plumbing fixture manufacturing loan for $133,000 was given to an Illinois entrepreneur in 2001.

Getting a small business loan in Springfield, Illinois was important for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from United Community Bank, operating out of Springfield, Illinois. Here are the details on this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: PLASTICS PLUMBING FIXTURE MANUFACTURING
SPRINGFIELD, IL 62704

SBA Loan Lender

UNITED COMMUNITY BANK
1900 W ILES
SPRINGFIELD, IL 62704

This lender issued this loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

326191 - Plastics Plumbing Fixture Manufacturing

Loan Approval Date

10/4/2001

Loan Approval Gross Amount

$133,000

Loan Approval from the SBA

Of the total $133,000 loan amount, the SBA guaranteed $113,050.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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