How to Get a Loan for Pen and Mechanical Pencil Manufacturing

Looking for SBA loans for pen and mechanical pencil manufacturing? An SBA loan may be just what you've been looking for. This $150,000 pen and mechanical pencil manufacturing loan was issued by an Alabama bank.

Getting a small business loan in Austin, Texas was important for Custom Impressions back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Compass Bank, operating out of Birmingham, Alabama. Here are the details on this Texas small business loan.

SBA Loan Borrower

CUSTOM IMPRESSIONS
8747 CHALK KNOLL DRIVE
AUSTIN, TX 78735

SBA Loan Lender

COMPASS BANK
15 S 20TH ST
BIRMINGHAM, AL 35233

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

339941 - Pen and Mechanical Pencil Manufacturing

Loan Approval Date

8/20/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower, Custom Impressions, borrowed this money for a new business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 6 new jobs and retain 2 existing jobs. This loan was paid in full, and was closed out on 11/2/2007.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this Custom Impressions loan from Compass Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Borrowing Money from Friends and Family

Banks in Birmingham, Alabama

Alabama SBA Banks

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