Small Business Loans for Motor Vehicle Air-Conditioning Manufacturing
Looking for small business loans for motor vehicle air-conditioning manufacturing? Try the SBA. This $300,000 motor vehicle air-conditioning manufacturing loan was issued by a Texas bank.
This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with American State Bank, out of Abilene, Texas. The loan was granted and they received $300,000 to help grow their Abilene, Texas business.
SBA Loan Borrower
COMPANY TYPE: MOTOR VEHICLE PARTS AND ACCESSORIES
ABILENE, TX 79602
SBA Loan Lender
AMERICAN STATE BANK
402 CYPRESS ST
ABILENE, TX 79601
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA 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.
3714 - Motor Vehicle Parts and Accessories
336391 - Motor Vehicle Air-Conditioning Manufacturing
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $300,000 loan amount, the SBA guaranteed $225,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 30 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
This SBA loan was for $300,000. How would you spend $300,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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.
Dealing With Venture Capitalists
Small Bank Loans in Abilene, Texas
SBA Lenders in Texas