Get an SBA Loan for Soap and Detergent Manufacturing

Looking for bank loans for soap and detergent manufacturing? The SBA may be the answer. This $110,000 soap and detergent manufacturing loan was issued by a Vermont bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Middlebury, Vermont was able to borrow $110,000 from National Bank Of Middlebury. The SBA made the loan possible by guaranteeing $55,000 of this Vermont small business loan.

SBA Loan Borrower

COMPANY TYPE: SOAP AND DETERGENT MANUFACTURING
MIDDLEBURY, VT 05753

SBA Loan Lender

NATIONAL BANK OF MIDDLEBURY
30-32 MAIN ST
MIDDLEBURY, VT 05753

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

325611 - Soap and Detergent Manufacturing

Loan Approval Date

3/17/2006

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $55,000.

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 22 employees. This SBA loan request indicated that the loan would help retain 22 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Middlebury VT, you ought to talk with a local Middlebury SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Middlebury businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $110,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Microlending as a Small Business Funding Source

Small Business Banks in Middlebury, Vermont

Getting an SBA Loan in Vermont