Raising Money for Electroplating, Plating, Polishing, Anodizing, and Coloring

Looking for business loans for electroplating, plating, polishing, anodizing, and coloring? An SBA loan may be just what you've been looking for. This $141,000 electroplating, plating, polishing, anodizing, and coloring loan was issued by a Texas bank.

This business knew how to go about getting a business bank loan. Based in Alpine, Texas, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was First Bank Of West Texas, based in Coahoma, Texas.

SBA Loan Borrower

COMPANY TYPE: ELECTROPLATING, PLATING, POLISHING, ANODIZING, AND COLORING
ALPINE, TX 79831

SBA Loan Lender

FIRST BANK OF WEST TEXAS
500 W BROADWAY
COAHOMA, TX 79511

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 loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332813 - Electroplating, Plating, Polishing, Anodizing, and Coloring

Loan Approval Date

4/7/2005

Loan Approval Gross Amount

$141,000

Loan Approval from the SBA

Of the total $141,000 loan amount, the SBA guaranteed $119,850.

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

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Bank Of West Texas that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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