Financing for Building Material Dealers

Looking for commercial loans for building material dealers? Try the SBA. This $1,035,000 building material dealers loan was issued by a Texas bank.

Getting a small business loan in Plano, Texas was important for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Legacytexas Bank, operating out of Plano, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: BRICK, STONE, AND RELATED CONSTRUCTION MATERIALS
PLANO, TX 75074

SBA Loan Lender

LEGACYTEXAS BANK
5000 LEGACY DR
PLANO, TX 75024

This bank loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending background and a deep knowledge SBA policies and procedures.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5032 - Brick, Stone, and Related Construction Materials

NAICS Code

444190 - Building Material Dealers

Loan Approval Date

3/26/2002

Loan Approval Gross Amount

$1,035,000

Loan Approval from the SBA

Of the total $1,035,000 loan amount, the SBA guaranteed $776,250.

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 52 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Legacytexas Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Legacytexas Bank 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.

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SBA Participating Banks in Plano, Texas

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