Financing for Electroplating, Plating, Polishing, Anodizing, and Coloring

With these loans for electroplating, plating, polishing, anodizing, and coloring, the SBA guarantees the lender that the loan will be repaid. This electroplating, plating, polishing, anodizing, and coloring loan for $288,700 was given to a Texas entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Alice, Texas was able to borrow $288,700 from First Community Bank. The SBA made the loan possible by guaranteeing $216,525 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: PRIMARY METAL PRODUCTS
ALICE, TX 78332

SBA Loan Lender

FIRST COMMUNITY BANK
416 N WATER ST
CORPUS CHRISTI, TX 78401

This lender issued this loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3399 - Primary Metal Products

NAICS Code

332813 - Electroplating, Plating, Polishing, Anodizing, and Coloring

Loan Approval Date

1/18/2007

Loan Approval Gross Amount

$288,700

Loan Approval from the SBA

Of the total $288,700 loan amount, the SBA guaranteed $216,525.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 24 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Community Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Small Business Credit Cards

SBA Banks in Corpus Christi, Texas

SBA Lenders in Texas