Borrowing Money for Medicinal and Botanical Manufacturing

With these loans for medicinal and botanical manufacturing, the SBA guarantees the lender that the loan will be repaid. This medicinal and botanical manufacturing loan for $100,000 was given to a Georgia entrepreneur in 2001.

This small firm knew how to go about getting a business bank loan. Based in Valdosta, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was The Park Avenue Bank, based in Valdosta, Georgia.

SBA Loan Borrower

COMPANY TYPE: MEDICINAL CHEMICALS AND BOTANICAL PRODUCTS
VALDOSTA, GA 31601

SBA Loan Lender

THE PARK AVENUE BANK
3250 N VALDOSTA RD
VALDOSTA, GA 31602

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2833 - Medicinal Chemicals and Botanical Products

NAICS Code

325411 - Medicinal and Botanical Manufacturing

Loan Approval Date

8/20/2001

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 22 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. The Park Avenue Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, The Park Avenue Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Financing Your Business

Small Business Banks in Valdosta, Georgia

Georgia SBA 7A Banks