Small Business Loans for Basic Inorganic Chemical Manufacturing

Looking for small business loans for basic inorganic chemical manufacturing? Talk to a banker who works with the SBA. This $130,000 basic inorganic chemical manufacturing loan was issued by a California bank.

Getting a small business loan in Shasta, California was important for this growing firm back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Butte Community Bank, operating out of Oroville, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: BASIC INORGANIC CHEMICAL MANUFACTURING
SHASTA, CA 96019

SBA Loan Lender

BUTTE COMMUNITY BANK
2227 MYERS ST
OROVILLE, CA 95965

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

325188 - Basic Inorganic Chemical Manufacturing

Loan Approval Date

2/17/2006

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $110,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the funding would help create 4 new jobs.

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

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

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Butte Community Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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