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November 14, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Panama City Beach, Business Loans > Business Loan Center, LLC Panama City Beach Business Loans > Chemical Product And Preparation Manufacturing Loan | ||||
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Tips for Businesses On Getting a Loan
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Loans for Chemical Product and Preparation ManufacturingLooking for loans for chemical product and preparation manufacturing? Talk to a banker who works with the SBA. This $50,000 chemical product and preparation manufacturing loan was issued by a Florida bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Indianapolis, Indiana was able to borrow $50,000 from Business Loan Center, LLC. The SBA made the loan possible by guaranteeing $42,500 of this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: CHEMICAL PRODUCT AND PREPARATION MANUFACTURING SBA Loan Lender BUSINESS LOAN CENTER, LLC This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 325998 - Chemical Product and Preparation Manufacturing Loan Approval Date 4/20/2007 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 13 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 13 existing jobs. Start the Process for Getting an SBA Loan Today! Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA 7A Banks for Panama City Beach, Florida Loans
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