Financing for Materials Recovery Facilities

Looking for commercial loans for materials recovery facilities? An SBA loan may be just what you've been looking for. This $211,100 materials recovery facilities loan was issued by a South Dakota bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Buda, Texas was able to borrow $211,100 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $158,325 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: MATERIALS RECOVERY FACILITIES
Buda, TX 78610

SBA Loan Lender

WELLS FARGO BANK
101 N PHILIPS AVE
SIOUX FALLS, SD 57104

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

562920 - Materials Recovery Facilities

Loan Approval Date

12/15/2006

Loan Approval Gross Amount

$211,100

Loan Approval from the SBA

Of the total $211,100 loan amount, the SBA guaranteed $158,325.

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 4 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Buda TX, you ought to talk with a local Buda SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Buda businesses.

This SBA loan was for $211,100. How would you spend $211,100 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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

Banks in Sioux Falls, South Dakota

Getting an SBA Loan in South Dakota