State National Bank SBA Loan to Primary Metal Products Company
Want a Texas SBA loan? Here's one Texas business loan that was approved by the SBA.
This small business needed an SBA business loan in Abilene, Texas back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from State National Bank, operating out of Fort Worth, Texas. Here are the details on this Texas small business loan.
SBA Loan Borrower
COMPANY TYPE: PRIMARY METAL PRODUCTS
ABILENE, TX 79601
SBA Loan Lender
STATE NATIONAL BANK
4500 MERCANTILE PLZA, STE 300
FORT WORTH, TX 76137
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
3399 - Primary Metal Products
Loan Approval Date
5/23/2000
Loan Approval Gross Amount
$550,000
Loan Approval from the SBA
Of the total $550,000 loan amount, the SBA guaranteed $412,500.
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. This SBA loan request did not indicate that the small business promised to use the money to hire new 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.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like State National Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.
Related Links:
How to Raise Money
Small Business Banks in Fort Worth, Texas
Texas SBA 7A Banks