Small Business Loans for Industrial Process Furnace and Oven Manufacturing

With these small business loans for industrial process furnace and oven manufacturing, the SBA guarantees the lender that the loan will be repaid. This industrial process furnace and oven manufacturing loan for $150,000 was given to a Texas entrepreneur in 2001.

This company knew how to go about getting a business bank loan. Based in Corsicana, Texas, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Amer Bank - Texas, based in Marble Falls, Texas.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL PROCESS FURNACE AND OVEN MANUFACTURING
CORSICANA, TX 75110

SBA Loan Lender

AMER BANK - TEXAS
418 N HWY 281
MARBLE FALLS, TX 78654

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333994 - Industrial Process Furnace and Oven Manufacturing

Loan Approval Date

7/16/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 4 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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SBA 7A Lenders in Marble Falls, Texas

SBA Participating Banks in Texas