Business Loan from First United Bank Given to Industrial Process Measurement, Display And Control Instruments Company

First United Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Texas entrepreneur was able to get a loan to take a small business to the next level.

This business knew how to go about getting a business bank loan. Based in Amarillo, Texas, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was First United Bank, based in Dimmitt, Texas.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL PROCESS MEASUREMENT, DISPLAY AND CONTROL INSTRUMENTS
AMARILLO, TX 79109

SBA Loan Lender

FIRST UNITED BANK
201 N BROADWAY
DIMMITT, TX 79027

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide debt financing to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

334513 - Industrial Process Measurement, Display and Control Instruments

Loan Approval Date

8/30/2007

Loan Approval Gross Amount

$1,229,000

Loan Approval from the SBA

Of the total $1,229,000 loan amount, the SBA guaranteed $921,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 17 employees. This SBA loan request indicated that the loan would help retain 17 existing jobs.

Start the Process for Getting an SBA Loan Today!

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 First United 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:

Business Line of Credit

SBA Approved Banks in Dimmitt, Texas

SBA Texas Lenders