Get an SBA Loan for Enameled Iron and Metal Sanitary Ware Manufacturing

With these bank loans for enameled iron and metal sanitary ware manufacturing, the SBA guarantees the lender that the loan will be repaid. This enameled iron and metal sanitary ware manufacturing loan for $1,655,000 was given to a Texas entrepreneur in 2005.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Amer National Bank - Texas, out of Fort Worth, Texas. The loan was granted and they received $1,655,000 to help grow their Denison, Texas business.

SBA Loan Borrower

COMPANY TYPE: ENAMELED IRON AND METAL SANITARY WARE MANUFACTURING
DENISON, TX 75020

SBA Loan Lender

AMER NATIONAL BANK - TEXAS
2720 W 7TH ST
FORT WORTH, TX 76102

This lender provides SBA guaranteed bank loans 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.

NAICS Code

332998 - Enameled Iron and Metal Sanitary Ware Manufacturing

Loan Approval Date

1/19/2005

Loan Approval Gross Amount

$1,655,000

Loan Approval from the SBA

Of the total $1,655,000 loan amount, the SBA guaranteed $1,241,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 38 employees. The SBA loan application for the borrower indicated that the loan would help generate 7 new jobs and retain 38 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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 Amer National Bank - Texas 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.

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SBA Participating Banks in Texas