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December 22, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Fort Worth, Business Loans > Southwest Bank Fort Worth Business Loans > Commercial And Industrial Machinery And Equipment Loan | ||||
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Grand Prairie, Texas Bank for SBA Loans
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Commercial and Industrial Machinery and Equipment Small Business LoansLooking for small business loans for commercial and industrial machinery and equipment? Try the SBA. This $100,000 commercial and industrial machinery and equipment loan was issued by a Texas bank. This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Southwest Bank, out of Fort Worth, Texas. The loan was granted and they received $100,000 to help grow their Grand Prairie, Texas business. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND INDUSTRIAL MACHINERY AND EQUIPMENT SBA Loan Lender SOUTHWEST BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 811310 - Commercial and Industrial Machinery and Equipment Loan Approval Date 10/19/2004 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you have been wondering how do i get money to start a business in Grand Prairie TX, you ought to talk with a local Grand Prairie SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Grand Prairie businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Southwest 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: Small Business Banks in Fort Worth, Texas
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