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May 2, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Wilmington, Business Loans > Lehman Brothers Bank, Fsb Wilmington Business Loans > Showcase, Partition, Shelving, And Locker Manufacturing Loan | ||||
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Good Banks for Dallas Businesses
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Business Loans for Showcase, Partition, Shelving, and Locker ManufacturingWith these business loans for showcase, partition, shelving, and locker manufacturing, the SBA guarantees the lender that the loan will be repaid. This showcase, partition, shelving, and locker manufacturing loan for $1,530,000 was given to a Texas entrepreneur in 2005. This small business knew how to go about getting a business bank loan. Based in Dallas, Texas, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Lehman Brothers Bank, Fsb, based in Wilmington, Delaware. SBA Loan Borrower COMPANY TYPE: SHOWCASE, PARTITION, SHELVING, AND LOCKER MANUFACTURING SBA Loan Lender LEHMAN BROTHERS BANK, FSB Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 337215 - Showcase, Partition, Shelving, and Locker Manufacturing Loan Approval Date 1/28/2005 Loan Approval Gross Amount $1,530,000 Loan Approval from the SBA Of the total $1,530,000 loan amount, the SBA guaranteed $1,147,500. 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 30 employees. The SBA loan application for the borrower indicated that the loan would help retain 30 existing jobs. Getting an SBA Loan For Your Business Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Lehman Brothers Bank, Fsb and they will explain how you can get an SBA loan for your company. 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: Banking Deregulation's Effects on Entrepreneurship Best Banks for Small Business in Wilmington, Delaware
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