Overhead Traveling Crane, Hoist, and Monorail System Manufacturing Commercial Loans

Looking for commercial loans for overhead traveling crane, hoist, and monorail system manufacturing? Talk to a banker who works with the SBA. This $1,006,000 overhead traveling crane, hoist, and monorail system manufacturing loan was issued by a Texas bank.

This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Bank - Texas, out of Houston, Texas. The loan was granted and they received $1,006,000 to help grow their Conroe, Texas business.

SBA Loan Borrower

COMPANY TYPE: HOISTS, CRANES, AND MONORAILS
CONROE, TX 77301

SBA Loan Lender

BANK - TEXAS
1401 MCKINNEY, STE 100
HOUSTON, TX 77010

This SBA bank loan 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

3536 - Hoists, Cranes, and Monorails

NAICS Code

333923 - Overhead Traveling Crane, Hoist, and Monorail System Manufacturing

Loan Approval Date

4/27/2001

Loan Approval Gross Amount

$1,006,000

Loan Approval from the SBA

Of the total $1,006,000 loan amount, the SBA guaranteed $905,400.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 126 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank - Texas and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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.

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