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May 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Idalou, Business Loans > Security Bank Idalou Business Loans > Farm Machinery And Equipment Loan | ||||
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I Need an SBA Loan in Idalou, Texas
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Farm and Garden Machinery and Equipment Wholesalers LoansLooking for loans for farm and garden machinery and equipment wholesalers? The SBA may be the answer. This $15,951 farm and garden machinery and equipment wholesalers loan was issued by a Texas bank. This company knew how to go about getting a business bank loan. Based in Idalou, Texas, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Security Bank, based in Idalou, Texas. SBA Loan Borrower COMPANY TYPE: FARM MACHINERY AND EQUIPMENT SBA Loan Lender SECURITY BANK This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3523 - Farm Machinery and Equipment NAICS Code 421820 - Farm and Garden Machinery and Equipment Wholesalers Loan Approval Date 11/15/2000 Loan Approval Gross Amount $15,951 Loan Approval from the SBA Of the total $15,951 loan amount, the SBA guaranteed $11,963. 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 17 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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. Related Links: Determining Proper Capital Structure for a Business Find an SBA Lender in Idalou, Texas
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