Where to Get Capital for Chemical and Allied Products Wholesalers

Looking for SBA loans for chemical and allied products wholesalers? An SBA loan may be just what you've been looking for. This $775,000 chemical and allied products wholesalers loan was issued by a Texas bank.

This small business knew how to go about getting a business bank loan. Based in Colleyville, Texas, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Citibank, based in Dallas, Texas.

SBA Loan Borrower

COMPANY TYPE: CHEMICAL AND ALLIED PRODUCTS
COLLEYVILLE, TX 76034

SBA Loan Lender

CITIBANK
8401 N CENTRAL EXPWY, STE 100
DALLAS, TX 75225

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5169 - Chemical and Allied Products

NAICS Code

422690 - Chemical and Allied Products Wholesalers

Loan Approval Date

1/31/2001

Loan Approval Gross Amount

$775,000

Loan Approval from the SBA

Of the total $775,000 loan amount, the SBA guaranteed $581,250.

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 16 employees. This SBA loan request did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Advice on Getting a Small Business Loan

SBA 7A Banks in Dallas, Texas

SBA Participating Banks in Texas