Capital Bank, S.S.B. Gives Bank Loan to Machine Tools, Metal Forming Types Company

Would a Texas bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this Texas bank, which offers SBA loans to Texas entrepreneurs.

Getting a small business loan in El Paso, Texas was a top priority for this loan applicant back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Capital Bank, S.S.B.. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: MACHINE TOOLS, METAL FORMING TYPES
EL PASO, TX 79925

SBA Loan Lender

CAPITAL BANK, S.S.B.
8700 MONTANA AVE
EL PASO, TX 79925

This commercial 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

3542 - Machine Tools, Metal Forming Types

NAICS Code

332710 - Machine Shops

Loan Approval Date

2/28/2001

Loan Approval Gross Amount

$61,000

Loan Approval from the SBA

Of the total $61,000 loan amount, the SBA guaranteed $51,850.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

The Art of Bootstrapping

SBA Approved Banks in El Paso, Texas

Getting an SBA Loan in Texas