Solvents and Petroleum Service Inc.

1405 Brewerton Rd, Syracuse, NY 13208 · All Other Miscellaneous Chemical Product and Preparation Manufacturing (NAICS 325998)

Loan Summary

Source: SBA FOIA Loan-Level Data

Total Loans

8

Total Amount

$15.2M

Jobs Supported

591

Years Active

2007–2025

Loan History (8)

Source: SBA FOIA
7(a)$3,350,000
Exempt
Approved
Jun 16, 2025 (FY2025)
SBA Guaranteed
$2,512,500 (75%)
Term
120 months (10.0 yrs)
Interest Rate
10.50%
Revolver
0
Jobs Supported
65
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
All Other Miscellaneous Chemical Product and Preparation Manufacturing (NAICS 325998)

Lender

Newtek Bank, National Association

1111 Brickell Ave, Ste 135, Miami, FL 33131

Project Location

Onondaga County, NY

7(a)$300,000
Exempt
Approved
Jul 7, 2025 (FY2025)
SBA Guaranteed
$150,000 (50%)
Term
120 months (10.0 yrs)
Interest Rate
12.00%
Revolver
1
Jobs Supported
65
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
All Other Miscellaneous Chemical Product and Preparation Manufacturing (NAICS 325998)

Lender

Newtek Bank, National Association

1111 Brickell Ave, Ste 135, Miami, FL 33131

Project Location

Onondaga County, NY

7(a)$5,000,000
Exempt
Approved
Mar 12, 2023 (FY2023)
SBA Guaranteed
$3,750,000 (75%)
Term
120 months (10.0 yrs)
Interest Rate
10.75%
Revolver
0
Jobs Supported
148
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
All Other Miscellaneous Chemical Product and Preparation Manufacturing (NAICS 325998)

Lender

Newtek Bank, National Association

1111 Brickell Ave, Ste 135, Miami, FL 33131

Project Location

Onondaga County, NY

7(a)$663,000
Exempt
Approved
Jun 20, 2023 (FY2023)
SBA Guaranteed
$497,250 (75%)
Term
120 months (10.0 yrs)
Interest Rate
11.25%
Revolver
0
Jobs Supported
148
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
All Other Miscellaneous Chemical Product and Preparation Manufacturing (NAICS 325998)

Lender

Newtek Bank, National Association

1111 Brickell Ave, Ste 135, Miami, FL 33131

Project Location

Onondaga County, NY

7(a)$4,160,000
Cancelled
Approved
Jul 2, 2021 (FY2021)
SBA Guaranteed
$3,744,000 (90%)
Term
120 months (10.0 yrs)
Interest Rate
6.00%
Revolver
0
Jobs Supported
109
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Petrochemical Manufacturing (NAICS 325110)

Lender

Us Eagle Fcu

3939 Osuna Ne, Albuquerque, NM 87109

Project Location

Onondaga County, NY

7(a)$200,000
Cancelled
Approved
May 7, 2010 (FY2010)
SBA Guaranteed
$100,000 (50%)
Term
84 months (7.0 yrs)
Interest Rate
4.25%
Revolver
1
Jobs Supported
29
Business Type
Corporation
Industry
Other Chemical and Allied Products Merchant Wholesalers (NAICS 424690)

Lender

Keybank National Association

127 Public Sq, Cleveland, OH 44114

Project Location

Onondaga County, NY

7(a)$100,000
Cancelled
Approved
Jan 13, 2009 (FY2009)
SBA Guaranteed
$85,000 (85%)
Term
48 months (4.0 yrs)
Revolver
0
Jobs Supported
27
Business Type
Corporation
Industry
Other Chemical and Allied Products Merchant Wholesalers (NAICS 424690)

Lender

New York Business Development Corporation

19 British American Blvd East, Latham, NY 12110

Project Location

Onondaga County, NY

7(a)$1,460,000
Paid in Full
Approved
Jan 9, 2007 (FY2007)
SBA Guaranteed
$1,095,000 (75%)
Term
84 months (7.0 yrs)
Revolver
0
Business Type
Corporation
Industry
Other Chemical and Allied Products Merchant Wholesalers (NAICS 424690)
Paid in Full
Jul 31, 2010

Lender

New York Business Development Corporation

19 British American Blvd East, Latham, NY 12110

Project Location

Onondaga County, NY

Business Details

Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
NAICS Code
325998 All Other Miscellaneous Chemical Product and Preparation Manufacturing
Address
1405 Brewerton Rd
Syracuse, NY 13208

Lenders

Newtek Bank, National Association
1111 Brickell Ave, Ste 135, Miami, FL 33131
Us Eagle Fcu
3939 Osuna Ne, Albuquerque, NM 87109
Keybank National Association
127 Public Sq, Cleveland, OH 44114
New York Business Development Corporation
19 British American Blvd East, Latham, NY 12110

Other SBA Borrowers in Syracuse

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