Chemical Distributor of North Carolina is a chemical and equipment supplier based in the Raleigh area. Since 1972, the company has served a variety of niche industries across the East Coast and values quality customer experience. Many employees have been with the company for several years, making them experts in their field.
The new owner of Chemical Distributor of North Carolina, David Graves, has an extensive background in manufacturing. He spent his career working in distribution and supply chain management, mostly with chemicals. David was ready for a life change and began to search for a business to acquire in the area, specifically a business relevant to his background. When he found Chemical Distributor of North Carolina, the company seemed like a great fit. David needed long-term financing to complete the acquisition, and talked with many bankers about his options. He determined that an SBA loan would be best for the transaction, specifically because of the lower down payment requirement. David reached out to his financial advisor, Pioneer Capital, who put him in touch with Dennis Wagner, one of our experienced Business Development Officers. After learning more about David and his business goals, Dennis was able to create a customized SBA financing solution with favorable terms and a fixed rate. David was ultimately able to acquire the business and maintain cashflow to keep operations running.
David had this to say about his experience working with Dennis and the team at FNB Small Business Finance:
I would highly recommend Dennis and FNB to other small business owners. From the moment I met Dennis, he was professional and very knowledgeable about SBA lending. He was very thorough, responsive, and a great problem solver. Dennis is a great guy!
We enjoyed partnering with David on this business acquisition and wish him all the success in the world as he starts his journey as a small business owner!
