Financing for Chemical and Allied Products Merchant Wholesalers
Looking for loans for chemical and allied products merchant wholesalers? Try the SBA. This $200,000 chemical and allied products merchant wholesalers loan was issued by a Michigan bank.
This small firm knew how to go about getting a business bank loan. Based in Wayland, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Macatawa Bank, based in Holland, Michigan.
SBA Loan Borrower
COMPANY TYPE: CHEMICAL AND ALLIED PRODUCTS MERCHANT WHOLESALERS
WAYLAND, MI 49348
SBA Loan Lender
MACATAWA BANK
10753 MACATAWA DR
HOLLAND, MI 49424
This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
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
8/12/2003
Loan Approval Gross Amount
$200,000
Loan Approval from the SBA
Of the total $200,000 loan amount, the SBA guaranteed $100,000.
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 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 4 existing jobs.
Getting an SBA Loan For Your Business
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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:
Obtaining Funding - How to Borrow Money
Who Lends Money to Small Businesses in Holland, Michigan
Michigan SBA 7A Lenders