Get an SBA Loan for Adhesive Manufacturing

With these small business loans for adhesive manufacturing, the SBA guarantees the lender that the loan will be repaid. This adhesive manufacturing loan for $400,000 was given to a Texas entrepreneur in 2002.

Getting a small business loan in Gladewater, Texas was important for this growing firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Texas Bank And Trust Company, operating out of Gladewater, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: ADHESIVES AND SEALANTS
GLADEWATER, TX 75647

SBA Loan Lender

TEXAS BANK AND TRUST COMPANY
1623 E BROADWAY
GLADEWATER, TX 75647

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2891 - Adhesives and Sealants

NAICS Code

325520 - Adhesive Manufacturing

Loan Approval Date

8/6/2002

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. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 17 employees. This SBA loan request did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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 Texas Bank And Trust Company 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.

Related Links:

The Art of Bootstrapping

Good Banks for Small Business in Gladewater, Texas

Getting a Business Loan in Texas