SBA Loans for Oil and Gas Field Machinery and Equipment Manufacturing

Looking for SBA loans for oil and gas field machinery and equipment manufacturing? An SBA loan may be just what you've been looking for. This $1,720,000 oil and gas field machinery and equipment manufacturing loan was issued by a Mississippi bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Vicksburg, Mississippi was able to borrow $1,720,000 from Britton & Koontz Bank. The SBA made the loan possible by guaranteeing $749,920 of this Mississippi small business loan.

SBA Loan Borrower

COMPANY TYPE: OIL AND GAS FIELD MACHINERY AND EQUIPMENT
VICKSBURG, MS 39180

SBA Loan Lender

BRITTON & KOONTZ BANK
2150 S FRONTAGE RD
VICKSBURG, MS 39180

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3533 - Oil and Gas Field Machinery and Equipment

NAICS Code

333132 - Oil and Gas Field Machinery and Equipment Manufacturing

Loan Approval Date

1/24/2000

Loan Approval Gross Amount

$1,720,000

Loan Approval from the SBA

Of the total $1,720,000 loan amount, the SBA guaranteed $749,920.

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 36 employees. This SBA loan request did not indicate that the business planned to use the funding to hire new 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.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Britton & Koontz Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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