Nonferrous Foundries Loans
With these loans for nonferrous foundries, the SBA guarantees the lender that the loan will be repaid. This nonferrous foundries loan for $357,500 was given to a Texas entrepreneur in 2000.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fort Worth, Texas was able to borrow $357,500 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $268,125 of this Texas small business loan.
SBA Loan Borrower
COMPANY TYPE: NONFERROUS FOUNDRIES
FORT WORTH, TX 76102
SBA Loan Lender
WELLS FARGO BANK
306 W MAIN ST
DECATUR, TX 76234
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.
3369 - Nonferrous Foundries
331528 - Nonferrous Foundries
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $357,500 loan amount, the SBA guaranteed $268,125.
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 35 employees. This SBA loan request indicated that the loan would help retain 35 existing jobs.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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.
Obtaining Funding From a Venture Capitalist
SBA Banks in Decatur, Texas
Find an SBA Lender in Texas