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

Thinking about meeting with an Abilene, Texas bank about a small business loan? Here's one Texas business loan, issued by an Abilene bank, that was approved by the SBA.

Applying for an SBA loan with First Finan Bank worked out well for our friends at one local business in Abilene, Texas. The business was able to get an SBA loan for $1,246,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: FABRICATED PLATE WORK
ABILENE, TX 79601

SBA Loan Lender

FIRST FINAN BANK
400 PINE ST
ABILENE, TX 79601

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

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

8/14/2006

Loan Approval Gross Amount

$1,246,000

Loan Approval from the SBA

Of the total $1,246,000 loan amount, the SBA guaranteed $1,121,400.

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 78 employees. The SBA loan documents 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!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Finan Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Finan 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.

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