Abilene, Texas Bank Gives SBA Loan to Fabricated Plate Work Company

Get to know Abilene, Texas banks that specialize in business loans and know how to work with entrepreneurs. First Finan Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Abilene, Texas starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from First Finan Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: FABRICATED PLATE WORK
ABILENE, TX 79601

SBA Loan Lender

FIRST FINAN BANK
400 PINE ST
ABILENE, TX 79601

This SBA small business 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

3443 - Fabricated Plate Work

NAICS Code

332410 - Power Boiler and Heat Exchanger Manufacturing

Loan Approval Date

11/22/2005

Loan Approval Gross Amount

$1,650,000

Loan Approval from the SBA

Of the total $1,650,000 loan amount, the SBA guaranteed $1,485,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 75 employees. This SBA loan request did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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