Bank Loans for Packing and Crating

With these bank loans for packing and crating, the SBA guarantees the lender that the loan will be repaid. This packing and crating loan for $150,000 was given to a Texas entrepreneur in 2005.

Getting a small business loan in Bellaire, Texas was important for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Omnibank, National Association, operating out of Houston, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: PACKING AND CRATING
BELLAIRE, TX 77401

SBA Loan Lender

OMNIBANK, NATIONAL ASSOCIATION
397 N SAM HOUSTON PKWY EAST
HOUSTON, TX 77060

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 business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4783 - Packing and Crating

NAICS Code

488991 - Packing and Crating

Loan Approval Date

4/29/2005

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start a small business or need money for an existing business, an SBA loan can be a great way to raise money

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Raising Venture Capital

Best Banks in Houston, Texas

Getting a Business Loan in Texas