SBA Loan from International Bank Of Commerce Helps Ornamental And Architectural Metal Work Manufacturing Company

An SBA loan from International Bank Of Commerce typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Dale, Texas business owner got a $150,000 loan.

Getting a small business loan in Dale, Texas was an essential business goal for this small business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from International Bank Of Commerce, operating out of Eagle Pass, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: ORNAMENTAL AND ARCHITECTURAL METAL WORK MANUFACTURING
DALE, TX 78616

SBA Loan Lender

INTERNATIONAL BANK OF COMMERCE
2395 E MAIN ST
EAGLE PASS, TX 78852

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

332323 - Ornamental and Architectural Metal Work Manufacturing

Loan Approval Date

12/4/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

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 5 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 5 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like International Bank Of Commerce that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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