SBA Loans for Natural Gas Liquid Extraction

With these SBA loans for natural gas liquid extraction, the SBA guarantees the lender that the loan will be repaid. This natural gas liquid extraction loan for $397,300 was given to a Texas entrepreneur in 2006.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Commercial State Bank, out of Midland, Texas. The loan was granted and they received $397,300 to help grow their Odessa, Texas business.

SBA Loan Borrower

COMPANY TYPE: CIGARETTES
ODESSA, TX 79765

SBA Loan Lender

COMMERCIAL STATE BANK
300 N 'A' ST
MIDLAND, TX 79701

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide 7A business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2111 - Cigarettes

NAICS Code

211112 - Natural Gas Liquid Extraction

Loan Approval Date

9/18/2006

Loan Approval Gross Amount

$397,300

Loan Approval from the SBA

Of the total $397,300 loan amount, the SBA guaranteed $297,975.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 7 employees. The loan application did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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 Commercial State 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.

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