How to Get a Loan for Soap and Detergent Manufacturing

Looking for business loans for soap and detergent manufacturing? Talk to a banker who works with the SBA. This $50,000 soap and detergent manufacturing loan was issued by a Missouri bank.

This small business knew how to go about getting a business bank loan. Based in Marionville, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Countryside Bank, based in Republic, Missouri.

SBA Loan Borrower

COMPANY TYPE: SOAP AND OTHER DETERGENTS
MARIONVILLE, MO 65705

SBA Loan Lender

COUNTRYSIDE BANK
520 E ELM ST
REPUBLIC, MO 65738

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2841 - Soap and Other Detergents

NAICS Code

325611 - Soap and Detergent Manufacturing

Loan Approval Date

3/6/2003

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

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

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

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Countryside Bank 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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