Petroleum Lubricating Oil and Grease Manufacturing Bank Loans

Looking for bank loans for petroleum lubricating oil and grease manufacturing? An SBA loan may be just what you've been looking for. This $100,000 petroleum lubricating oil and grease manufacturing loan was issued by a Georgia bank.

This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Queensborough National Bank & Trust, out of Louisville, Georgia. The loan was granted and they received $100,000 to help grow their Rincon, Georgia business.

SBA Loan Borrower

COMPANY TYPE: PETROLEUM LUBRICATING OIL AND GREASE MANUFACTURING
RINCON, GA 31326

SBA Loan Lender

QUEENSBOROUGH NATIONAL BANK & TRUST
113 E BROAD ST
LOUISVILLE, GA 30434

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

324191 - Petroleum Lubricating Oil and Grease Manufacturing

Loan Approval Date

10/11/2006

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $90,000.

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 6 employees. The loan application indicated that the loan would help retain 6 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Queensborough National Bank & Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Getting a Small Business Loan

SBA 7A Banks for Louisville, Georgia Loans

SBA Georgia Banks