Where to Get Capital for Chemical and Allied Products Merchant Wholesalers

Looking for SBA loans for chemical and allied products merchant wholesalers? An SBA loan may be just what you've been looking for. This $205,000 chemical and allied products merchant wholesalers loan was issued by a Virginia bank.

This business knew how to go about getting a business bank loan. Based in Waynesboro, Virginia, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Planters Bank & Trust - Virginia, based in Waynesboro, Virginia.

SBA Loan Borrower

COMPANY TYPE: CHEMICAL AND ALLIED PRODUCTS
WAYNESBORO, VA 22980

SBA Loan Lender

PLANTERS BANK & TRUST - VIRGINIA
251 N POPLAR ST
WAYNESBORO, VA 22980

This lender issued this SBA bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5169 - Chemical and Allied Products

NAICS Code

424690 - Chemical and Allied Products Merchant Wholesalers

Loan Approval Date

6/1/2006

Loan Approval Gross Amount

$205,000

Loan Approval from the SBA

Of the total $205,000 loan amount, the SBA guaranteed $153,750.

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 2 employees. This SBA loan request did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Planters Bank & Trust - Virginia 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.

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