Where to Get Capital for Chemical and Allied Products Merchant Wholesalers

Looking for small business loans for chemical and allied products merchant wholesalers? Talk to a banker who works with the SBA. This $60,000 chemical and allied products merchant wholesalers loan was issued by an Iowa bank.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Guaranty Bank And Trust Co., out of Cedar Rapids, Iowa. The loan was granted and they received $60,000 to help grow their Cedar Rapids, Iowa business.

SBA Loan Borrower

COMPANY TYPE: CHEMICAL AND ALLIED PRODUCTS MERCHANT WHOLESALERS
CEDAR RAPIDS, IA 52404

SBA Loan Lender

GUARANTY BANK AND TRUST CO.
302 3RD AVE SE
CEDAR RAPIDS, IA 52401

The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

424690 - Chemical and Allied Products Merchant Wholesalers

Loan Approval Date

8/19/2005

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. This loan was not for a franchise. At the time of the loan, the company had 6 employees. This SBA loan request indicated that the loan would help retain 6 existing jobs.

Next Steps for Getting an SBA Loan

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for 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:

SBIR Funding

Small Bank Loans in Cedar Rapids, Iowa

Iowa SBA Bank Lenders