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April 19, 2024 |
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| Home > Small Business Lenders by State > Delaware Business Loan Sources > Wilmington, Business Loans > Commerce Bank Wilmington Business Loans > Soap And Other Detergents Loan | ||||
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How to Get Commercial Loans in Wilmington, Delaware
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Firm Gets a Delaware Business LoanLooking to get a Delaware small business loan? This Delaware entrepreneur got a small business loan, provided by a Delaware bank that works with the SBA to help small business owners. This business, based in Wilmington, Delaware, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Commerce Bank. We've got the inside scoop on this Delaware small business loan. SBA Loan Borrower COMPANY TYPE: SOAP AND OTHER DETERGENTS SBA Loan Lender COMMERCE BANK This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. 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 7/19/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. 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 17 employees. The loan application did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. 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. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: The Friends and Family Network Good Banks for Small Business in Wilmington, Delaware
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