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May 17, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Fort Worth, Business Loans > Compass Bank Fort Worth Business Loans > Meat Packing Plants Loan | ||||
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Business Loans for Muenster Entrepreneurs
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Bank Loans for Animal SlaughteringLooking for bank loans for animal slaughtering? The SBA may be the answer. This $361,000 animal slaughtering loan was issued by a Texas bank. This company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Compass Bank, out of Fort Worth, Texas. The loan was granted and they received $361,000 to help grow their Muenster, Texas business. SBA Loan Borrower COMPANY TYPE: MEAT PACKING PLANTS SBA Loan Lender COMPASS BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2011 - Meat Packing Plants NAICS Code 311611 - Animal Slaughtering Loan Approval Date 9/12/2000 Loan Approval Gross Amount $361,000 Loan Approval from the SBA Of the total $361,000 loan amount, the SBA guaranteed $270,750. 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 22 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 22 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Compass Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: SBA Approved Banks in Fort Worth, Texas
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