Business Loan from Capital One Given to Chemicals And Chemical Preparations Company

An SBA loan from Capital One typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Shreveport, Louisiana business owner got a $160,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Shreveport, Louisiana, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Capital One, based in Shreveport, Louisiana.

SBA Loan Borrower

COMPANY TYPE: CHEMICALS AND CHEMICAL PREPARATIONS
SHREVEPORT, LA 71115

SBA Loan Lender

CAPITAL ONE
333 TRAVIS ST
SHREVEPORT, LA 71101

At the time this loan was granted, the lender was part of the SBA's Certified Lenders Program (CLP). This program aims to offer speedy service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2899 - Chemicals and Chemical Preparations

Loan Approval Date

6/15/2000

Loan Approval Gross Amount

$160,000

Loan Approval from the SBA

Of the total $160,000 loan amount, the SBA guaranteed $120,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 documents did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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

SBA loans provide money to small business owners for working capital for other expenses.

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 $160,000 loan. Remember, anyone can do it... so why not you?

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:

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Small Business Banks in Shreveport, Louisiana

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