How to Get a Loan for Motor Vehicle Parts Manufacturing

Looking for SBA loans for motor vehicle parts manufacturing? Talk to a banker who works with the SBA. This $40,200 motor vehicle parts manufacturing loan was issued by a Texas bank.

Getting a small business loan in Falfurrias, 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 Greater South Texas Bank, operating out of Falfurrias, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE PARTS MANUFACTURING
FALFURRIAS, TX 78355

SBA Loan Lender

GREATER SOUTH TEXAS BANK
131 E RICE ST
FALFURRIAS, TX 78355

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

336399 - Motor Vehicle Parts Manufacturing

Loan Approval Date

10/26/2004

Loan Approval Gross Amount

$40,200

Loan Approval from the SBA

Of the total $40,200 loan amount, the SBA guaranteed $34,170.

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 2 employees. The loan application did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $40,200 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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