Commercial Loans for Soap and Detergent Manufacturing
With these commercial loans for soap and detergent manufacturing, the SBA guarantees the lender that the loan will be repaid. This soap and detergent manufacturing loan for $250,000 was given to a Texas entrepreneur in 2001.
This business knew how to go about getting a business bank loan. Based in Irving, Texas, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Prosperity Bank, based in Dallas, Texas.
SBA Loan Borrower
COMPANY TYPE: PERFUMES, COSMETICS AND BEAUTY PRODUCTS
IRVING, TX 75082
SBA Loan Lender
PROSPERITY BANK
3515 W CAMP WISDOM RD
DALLAS, TX 75237
This bank 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
2844 - Perfumes, Cosmetics and Beauty Products
NAICS Code
325611 - Soap and Detergent Manufacturing
Loan Approval Date
5/24/2001
Loan Approval Gross Amount
$250,000
Loan Approval from the SBA
Of the total $250,000 loan amount, the SBA guaranteed $187,500.
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 38 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide money to small business owners for working capital for other expenses.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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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