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May 5, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Nacogdoches, Business Loans > Austin Bank Texas Nacogdoches Business Loans > Fabricated Plate Work Loan | ||||
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SBA Lender Nacogdoches, Texas
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Nacogdoches, Texas Lender Lends Money to Fabricated Plate Work CompanyGet to know Nacogdoches, Texas banks that specialize in business loans and know how to work with entrepreneurs. Austin Bank Texas is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Nacogdoches, Texas starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Austin Bank Texas. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: FABRICATED PLATE WORK SBA Loan Lender AUSTIN BANK TEXAS The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide 7A business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3443 - Fabricated Plate Work NAICS Code 326199 - Plastics Product Manufacturing Loan Approval Date 10/22/2003 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $300,000. 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 11 employees. The SBA loan documents 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 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Austin Bank Texas had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Austin Bank Texas made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Who Lends Money to Small Businesses in Nacogdoches, Texas
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