Engineering Services Commercial Loans

Looking for commercial loans for engineering services? Talk to a banker who works with the SBA. This $200,000 engineering services loan was issued by a Texas bank.

This small business knew how to go about getting a business bank loan. Based in Pasadena, Texas, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Amegy Bank, based in Kingwood, Texas.

SBA Loan Borrower

COMPANY TYPE: ENGINEERING SERVICES
PASADENA, TX 77506

SBA Loan Lender

AMEGY BANK
570 KINGWOOD DR
KINGWOOD, TX 77339

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541330 - Engineering Services

Loan Approval Date

7/13/2007

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

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 16 employees. The SBA loan application for the borrower indicated that the loan would help retain 16 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Amegy Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Amegy Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

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SBA 7A Banks in Kingwood, Texas

Texas SBA 7A Lenders