Loans for Soft Drink Manufacturing

Looking for loans for soft drink manufacturing? An SBA loan may be just what you've been looking for. This $35,000 soft drink manufacturing loan was issued by a Texas bank.

Getting a small business loan in Spring Branch, Texas was important for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Texstar National Bank, operating out of Universal City, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: SOFT DRINK MANUFACTURING
SPRING BRANCH, TX 78070

SBA Loan Lender

TEXSTAR NATIONAL BANK
600 PAT BOOKER RD
UNIVERSAL CITY, TX 78148

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

312111 - Soft Drink Manufacturing

Loan Approval Date

10/12/2004

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $29,750.

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 9 employees. The loan application did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great funding source

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Accountant's Role in Securing Financing

SBA Participating Banks in Universal City, Texas

Texas SBA 7A Lenders