Meat and Meat Product Merchant Wholesalers SBA Loans

Looking for SBA loans for meat and meat product merchant wholesalers? Try the SBA. This $2,000,000 meat and meat product merchant wholesalers loan was issued by a Texas bank.

Getting a small business loan in Mcallen, Texas was important for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Texas State Bank, operating out of Penitas, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: MEATS AND MEAT PRODUCTS
MCALLEN, TX 78503

SBA Loan Lender

TEXAS STATE BANK
W EXPWY 83 AND 100 N TOM GILL
PENITAS, TX 78576

This 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

5147 - Meats and Meat Products

NAICS Code

424470 - Meat and Meat Product Merchant Wholesalers

Loan Approval Date

5/16/2007

Loan Approval Gross Amount

$2,000,000

Loan Approval from the SBA

Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000.

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 8 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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 Texas State Bank 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.

Related Links:

Getting a Small Business Loan

SBA Approved Banks in Penitas, Texas

SBA Lenders in Texas