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May 3, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Roseville, Business Loans > Wachovia Sba Lending, Inc. Roseville Business Loans > Electrical Equipment And Component Manufacturing Loan | ||||
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How to Get SBA Loans in Dallas, Texas
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Raising Money for Electrical Equipment and Component ManufacturingWith these business loans for electrical equipment and component manufacturing, the SBA guarantees the lender that the loan will be repaid. This electrical equipment and component manufacturing loan for $1,181,000 was given to a Texas entrepreneur in 2003. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Dallas, Texas was able to borrow $1,181,000 from Wachovia Sba Lending, Inc.. The SBA made the loan possible by guaranteeing $885,750 of this Texas small business loan. SBA Loan Borrower COMPANY TYPE: ELECTRICAL EQUIPMENT AND COMPONENT MANUFACTURING SBA Loan Lender WACHOVIA SBA LENDING, INC. As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 335999 - Electrical Equipment and Component Manufacturing Loan Approval Date 9/15/2003 Loan Approval Gross Amount $1,181,000 Loan Approval from the SBA Of the total $1,181,000 loan amount, the SBA guaranteed $885,750. 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 13 employees. The SBA loan documents indicated that the loan would help retain 12 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you are working on finding money to start a business in Dallas TX, you ought to talk with a local Dallas SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Dallas businesses. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: SBA 7A Banks in Roseville, California
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