Loan Census Banking News and Information
July 24, 2021  
 
 
  Business Loan Information  
 

Fort Worth, Texas Bank Loan

 

 
Loan Census SBA Loan Info

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.

SIC Code

3369 - Nonferrous Foundries

NAICS Code

331528 - Nonferrous Foundries

Loan Approval Date

8/1/2000

Loan Approval Gross Amount

$357,500

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.

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