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November 23, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Irving, Business Loans > Citicapital Small Business Finance Irving Business Loans > Precious Metal Jewelry Loan | ||||
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Dallas, Texas Bank Loan
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Getting an SBA Loan for Jewelry ManufacturingLooking for commercial loans for jewelry manufacturing? Talk to a banker who works with the SBA. This $100,000 jewelry manufacturing loan was issued by a Texas bank. This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Citicapital Small Business Finance, out of Irving, Texas. The loan was granted and they received $100,000 to help grow their Dallas, Texas business. SBA Loan Borrower COMPANY TYPE: PRECIOUS METAL JEWELRY SBA Loan Lender CITICAPITAL SMALL BUSINESS FINANCE This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3911 - Precious Metal Jewelry NAICS Code 339911 - Jewelry Manufacturing Loan Approval Date 5/18/2000 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $80,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 only one employee. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 3 existing jobs. 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. Related Links: Small Bank Loans in Irving, Texas
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