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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Durant, Business Loans > First United Bank & Trust Durant Business Loans > Concrete Block And Brick Manufacturing Loan | ||||
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Oklahoma SBA Lenders
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Durant, Oklahoma Bank Lends Money to Concrete Block And Brick Manufacturing Company in Dallas, TexasThinking about meeting with a Durant, Oklahoma bank about a business loan? Here's one Texas business loan, issued by a Durant bank, that was approved by the SBA. Applying for an SBA loan with First United Bank & Trust worked out well for our friends at one local business in Dallas, Texas. They received an SBA loan for $300,000. Nice! SBA Loan Borrower COMPANY TYPE: CONCRETE BLOCK AND BRICK MANUFACTURING SBA Loan Lender FIRST UNITED BANK & TRUST This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 327331 - Concrete Block and Brick Manufacturing Loan Approval Date 9/15/2004 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 35 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 30 existing jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First United Bank & Trust and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: The Friends and Family Network Small Bank Loans in Durant, Oklahoma
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