SBA Loan from Ge Cap. Small Business Finan Corp Helps Industrial Inorganic Chemicals, N.E.C Company
Ge Cap. Small Business Finan Corp and the SBA work together to get business loans for growing small businesses. Here's an example of how a Texas entrepreneur was able to get a loan to take a small business to the next level.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Houston, Texas was able to borrow $283,500 from Ge Cap. Small Business Finan Corp. The SBA made the loan possible by guaranteeing $212,625 of this Texas small business loan.
SBA Loan Borrower
COMPANY TYPE: INDUSTRIAL INORGANIC CHEMICALS, N.E.C
HOUSTON, TX 77041
SBA Loan Lender
GE CAP. SMALL BUSINESS FINAN CORP
635 MARYVILLE CENTRE DR, STE
ST. LOUIS, MO 63141
This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
2819 - Industrial Inorganic Chemicals, N.E.C
Loan Approval Date
2/15/2000
Loan Approval Gross Amount
$283,500
Loan Approval from the SBA
Of the total $283,500 loan amount, the SBA guaranteed $212,625.
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 7 employees. The SBA loan application for the borrower indicated that the loan would help retain 7 existing jobs.
Start the Process for Getting an SBA Loan Today!
Many small businesses receive loans backed by the U.S. Small Business Administration.
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:
Determining Proper Capital Structure for a Business
Find an SBA Lender in St. Louis, Missouri
Getting a Business Loan in Missouri