Falcon International Bank SBA Loan to Heavy Construction Company

Falcon International Bank has a track record as a leading provider of SBA loans. Find out how this Texas entrepreneur received an SBA loan from them.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Laredo, Texas was able to borrow $546,034 from Falcon International Bank. The SBA made the loan possible by guaranteeing $409,526 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: HEAVY CONSTRUCTION
LAREDO, TX 78043

SBA Loan Lender

FALCON INTERNATIONAL BANK
5219 MCPHERSON RD
LAREDO, TX 78041

This lender issued this SBA business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1629 - Heavy Construction

NAICS Code

237990 - Heavy and Civil Engineering Construction

Loan Approval Date

6/16/2005

Loan Approval Gross Amount

$546,034

Loan Approval from the SBA

Of the total $546,034 loan amount, the SBA guaranteed $409,526.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 40 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Falcon International Bank and they will explain how you can get an SBA loan for your company.

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:

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SBA 7A Banks for Laredo, Texas Loans

Getting a Business Loan in Texas