Bank Loans for Chemical Product and Preparation Manufacturing

With these bank loans for chemical product and preparation manufacturing, the SBA guarantees the lender that the loan will be repaid. This chemical product and preparation manufacturing loan for $60,000 was given to a Texas entrepreneur in 2005.

This small firm knew how to go about getting a business bank loan. Based in South Houston (rr Name Dumont), Texas, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was 1st Choice Bank, based in Houston, Texas.

SBA Loan Borrower

COMPANY TYPE: CHEMICAL PRODUCT AND PREPARATION MANUFACTURING
SOUTH HOUSTON (RR NAME DUMONT), TX 77587

SBA Loan Lender

1ST CHOICE BANK
2310 YALE
HOUSTON, TX 77008

This debt financing was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

325998 - Chemical Product and Preparation Manufacturing

Loan Approval Date

10/7/2005

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $30,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 7 employees. This SBA loan request indicated that the loan would help retain 7 existing jobs.

Next Steps for Getting an SBA Loan

If you need business start up money in South Houston (rr Name Dumont) TX, you ought to talk with a local South Houston (rr Name Dumont) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to South Houston (rr Name Dumont) businesses.

This SBA loan was for $60,000. How would you spend $60,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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