Loans for Chemical and Allied Products Wholesalers

Looking for loans for chemical and allied products wholesalers? An SBA loan may be just what you've been looking for. This $52,800 chemical and allied products wholesalers loan was issued by a Wisconsin bank.

This company knew how to go about getting a business bank loan. Based in Mcfarland, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was The Park Bank, based in Madison, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: CHEMICAL AND ALLIED PRODUCTS WHOLESALERS
MCFARLAND, WI 53550

SBA Loan Lender

THE PARK BANK
1815 GREENWAY CROSS
MADISON, WI 53713

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

9224 -

NAICS Code

422690 - Chemical and Allied Products Wholesalers

Loan Approval Date

1/5/2001

Loan Approval Gross Amount

$52,800

Loan Approval from the SBA

Of the total $52,800 loan amount, the SBA guaranteed $44,880.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $52,800 loan. Remember, where there is a will, there is a way!

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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