Loans for Chemical Product and Preparation Manufacturing
Looking for loans for chemical product and preparation manufacturing? The SBA may be the answer. This $150,000 chemical product and preparation manufacturing loan was issued by a Tennessee bank.
Getting a small business loan in Dayton, Tennessee was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Tennessee Business & Indust Devel, operating out of Paris, Tennessee. Here are the details on this Tennessee small business loan.
SBA Loan Borrower
COMPANY TYPE: BUSINESS SERVICES
DAYTON, TN 37321
SBA Loan Lender
TENNESSEE BUSINESS & INDUST DEVEL
1301 E. WOOD STREET, P.O. BOX
PARIS, TN 37402
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7389 - Business Services
NAICS Code
325998 - Chemical Product and Preparation Manufacturing
Loan Approval Date
9/30/2002
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 borrowed this money for a new 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 17 employees. This SBA loan request did not indicate that the 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.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Tennessee Business & Indust Devel are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.
Related Links:
How Equity Dilution Works
Best Banks for Small Business in Paris, Tennessee
SBA Tennessee Lenders