How to Get a Loan for Petrochemical Manufacturing

With these business loans for petrochemical manufacturing, the SBA guarantees the lender that the loan will be repaid. This petrochemical manufacturing loan for $123,500 was given to a Kansas entrepreneur in 2003.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Liberal, Kansas was able to borrow $123,500 from The Community Bank. The SBA made the loan possible by guaranteeing $104,975 of this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: PETROCHEMICAL MANUFACTURING
LIBERAL, KS 67905

SBA Loan Lender

THE COMMUNITY BANK
2320 N KANSAS
LIBERAL, KS 67901

This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

325110 - Petrochemical Manufacturing

Loan Approval Date

8/26/2003

Loan Approval Gross Amount

$123,500

Loan Approval from the SBA

Of the total $123,500 loan amount, the SBA guaranteed $104,975.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 17 employees. The SBA loan documents did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like The Community Bank and they will explain how you can get an SBA loan for your company.

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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