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May 14, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Houston, Business Loans > Woodforest National Bank Houston Business Loans > Jewelry Manufacturing Loan | ||||
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How Hard Is It to Get a Small Business Loan in Spring, Texas?
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Business Loans for Jewelry ManufacturingLooking for business loans for jewelry manufacturing? An SBA loan may be just what you've been looking for. This $15,000 jewelry manufacturing loan was issued by a Texas bank. This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Woodforest National Bank, out of Houston, Texas. The loan was granted and they received $15,000 to help grow their Spring, Texas business. SBA Loan Borrower COMPANY TYPE: JEWELRY MANUFACTURING SBA Loan Lender WOODFOREST NATIONAL BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide debt financing to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 339911 - Jewelry Manufacturing Loan Approval Date 6/16/2006 Loan Approval Gross Amount $15,000 Loan Approval from the SBA Of the total $15,000 loan amount, the SBA guaranteed $12,750. 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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 Woodforest National 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:
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