How to Get a Loan for Prefabricated Wood Building Manufacturing

Looking for SBA loans for prefabricated wood building manufacturing? Talk to a banker who works with the SBA. This $230,900 prefabricated wood building manufacturing loan was issued by a Texas bank.

Getting a small business loan in Donna, Texas was important for this small business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from International Bank Of Commerce, operating out of Zapata, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: PREFABRICATED WOOD BUILDINGS AND COMPONENTS
DONNA, TX 78537

SBA Loan Lender

INTERNATIONAL BANK OF COMMERCE
US HWY 83 AT 10TH AVE
ZAPATA, TX 78076

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2452 - Prefabricated Wood Buildings and Components

NAICS Code

321992 - Prefabricated Wood Building Manufacturing

Loan Approval Date

12/10/2004

Loan Approval Gross Amount

$230,900

Loan Approval from the SBA

Of the total $230,900 loan amount, the SBA guaranteed $173,175.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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.

Related Links:

Obtaining Funding - Getting Venture Capital

SBA 7A Banks in Zapata, Texas

Getting an SBA Loan in Texas