Business Loans for Manufacturing and Industrial Building Construction

Looking for business loans for manufacturing and industrial building construction? An SBA loan may be just what you've been looking for. This $629,000 manufacturing and industrial building construction loan was issued by a Texas bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Corpus Christi, Texas was able to borrow $629,000 from The Frost National Bank. The SBA made the loan possible by guaranteeing $471,750 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: OPERATIVE BUILDERS
CORPUS CHRISTI, TX 78487

SBA Loan Lender

THE FROST NATIONAL BANK
100 W HOUSTON ST
SAN ANTONIO, TX 78205

This SBA business loan was issued by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA provides a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1531 - Operative Builders

NAICS Code

233310 - Manufacturing and Industrial Building Construction

Loan Approval Date

11/12/2004

Loan Approval Gross Amount

$629,000

Loan Approval from the SBA

Of the total $629,000 loan amount, the SBA guaranteed $471,750.

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 14 employees. The loan application did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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.

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