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November 21, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Forney, Business Loans > City Bank Forney Business Loans > Manufacturing Loan | ||||
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Best Banks for Forney, Texas Businesses
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Manufacturing Bank LoansLooking for bank loans for manufacturing? An SBA loan may be just what you've been looking for. This $400,000 manufacturing loan was issued by a Texas bank. This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with City Bank, out of Forney, Texas. The loan was granted and they received $400,000 to help grow their Forney, Texas business. SBA Loan Borrower COMPANY TYPE: MANUFACTURING SBA Loan Lender CITY BANK This small business 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. NAICS Code 339999 - Manufacturing Loan Approval Date 7/28/2006 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $300,000. 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 60 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like City Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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:
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