Borrowing Money for Aircraft Parts and Auxiliary Equipment Manufacturing

With these bank loans for aircraft parts and auxiliary equipment manufacturing, the SBA guarantees the lender that the loan will be repaid. This aircraft parts and auxiliary equipment manufacturing loan for $380,000 was given to a Texas entrepreneur in 2002.

This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with First State Bank, out of Miami, Texas. The loan was granted and they received $380,000 to help grow their Amarillo, Texas business.

SBA Loan Borrower

COMPANY TYPE: AIRCRAFT PARTS AND AUXILIARY EQUIPMENT, N.E.C
AMARILLO, TX 79111

SBA Loan Lender

FIRST STATE BANK
100 S MAIN
MIAMI, TX 79059

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3728 - Aircraft Parts and Auxiliary Equipment, N.E.C

NAICS Code

336413 - Aircraft Parts and Auxiliary Equipment Manufacturing

Loan Approval Date

8/12/2002

Loan Approval Gross Amount

$380,000

Loan Approval from the SBA

Of the total $380,000 loan amount, the SBA guaranteed $285,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 32 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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

Related Links:

SBIR Funding

SBA Banks in Miami, Texas

SBA Lenders in Texas