SBA Loan from Beal Bank, D/b/a Beal Bank Helps Marking Devices Company

An SBA loan from Beal Bank, D/b/a Beal Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Deerfield Beach, Florida business owner got a $886,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Deerfield Beach, Florida, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Beal Bank, D/b/a Beal Bank, based in Plano, Texas.

SBA Loan Borrower

COMPANY TYPE: MARKING DEVICES
DEERFIELD BEACH, FL 33441

SBA Loan Lender

BEAL BANK, D/B/A BEAL BANK
6000 LEGACY DR
PLANO, TX 75024

This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3953 - Marking Devices

NAICS Code

339943 - Marking Device Manufacturing

Loan Approval Date

11/17/2000

Loan Approval Gross Amount

$886,000

Loan Approval from the SBA

Of the total $886,000 loan amount, the SBA guaranteed $664,500.

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 3 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

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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