Metal Stamping SBA Loans

Looking for SBA loans for metal stamping? An SBA loan may be just what you've been looking for. This $1,300,000 metal stamping loan was issued by a Texas bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in El Paso, Texas was able to borrow $1,300,000 from State National Bank. The SBA made the loan possible by guaranteeing $975,000 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: METAL STAMPING
EL PASO, TX 79936

SBA Loan Lender

STATE NATIONAL BANK
4500 MERCANTILE PLZA, STE 300
FORT WORTH, TX 76137

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332116 - Metal Stamping

Loan Approval Date

9/25/2003

Loan Approval Gross Amount

$1,300,000

Loan Approval from the SBA

Of the total $1,300,000 loan amount, the SBA guaranteed $975,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 35 employees. The SBA loan application for the borrower indicated that the loan would help generate 7 new jobs and retain 110 existing jobs.

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

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

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like State National Bank and they will explain how you can get an SBA loan for your company.

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 - How to Borrow Money

SBA 7A Banks for Fort Worth, Texas Loans

Texas SBA Bank Lenders