Rusk, Texas Bank Gives SBA Loan to Fluid Power Cylinders And Actuators Company

Get to know Rusk, Texas banks that specialize in SBA loans and know how to work with entrepreneurs. Texas National Bank - Jacksonville is one such bank, as evidenced by this SBA loan to a growing company.

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

SBA Loan Borrower

COMPANY TYPE: FLUID POWER CYLINDERS AND ACTUATORS
ALTO, TX 75925

SBA Loan Lender

TEXAS NATIONAL BANK - JACKSONVILLE
1106 N MAIN
RUSK, TX 75785

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

3593 - Fluid Power Cylinders and Actuators

NAICS Code

333995 - Fluid Power Cylinder and Actuator Manufacturing

Loan Approval Date

6/26/2003

Loan Approval Gross Amount

$667,250

Loan Approval from the SBA

Of the total $667,250 loan amount, the SBA guaranteed $500,438.

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 30 employees. The SBA loan documents did not indicate that the small business 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 provide money to small business owners for working capital for other expenses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Texas National Bank - Jacksonville and they will explain how you can get an SBA loan for your company.

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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