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April 25, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Arlington, Business Loans > Southwest Securities, Fsb Arlington Business Loans > Structural Steel And Precast Concrete Contractors Loan | ||||
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Advice for Business Owners On Getting a Loan
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Borrowing Money for Structural Steel and Precast Concrete ContractorsLooking for loans for structural steel and precast concrete contractors? Try the SBA. This $270,000 structural steel and precast concrete contractors loan was issued by a Texas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Gladewater, Texas was able to borrow $270,000 from Southwest Securities, Fsb. The SBA made the loan possible by guaranteeing $202,500 of this Texas small business loan. SBA Loan Borrower COMPANY TYPE: STRUCTURAL STEEL AND PRECAST CONCRETE CONTRACTORS SBA Loan Lender SOUTHWEST SECURITIES, FSB 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 238120 - Structural Steel and Precast Concrete Contractors Loan Approval Date 1/13/2006 Loan Approval Gross Amount $270,000 Loan Approval from the SBA Of the total $270,000 loan amount, the SBA guaranteed $202,500. 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 50 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 55 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Southwest Securities, Fsb that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Small Business Banks in Arlington, Texas Where to Get an SBA Loan Texas
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