Getting an SBA Loan for Electronic Component Manufacturing

With these SBA loans for electronic component manufacturing, the SBA guarantees the lender that the loan will be repaid. This electronic component manufacturing loan for $477,200 was given to a Texas entrepreneur in 2005.

This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Southwest Securities, Fsb, out of Arlington, Texas. The loan was granted and they received $477,200 to help grow their Grand Prairie, Texas business.

SBA Loan Borrower

COMPANY TYPE: ELECTRONIC COMPONENT MANUFACTURING
GRAND PRAIRIE, TX 75050

SBA Loan Lender

SOUTHWEST SECURITIES, FSB
301 S CENTER ST, STE #120
ARLINGTON, TX 76010

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

334419 - Electronic Component Manufacturing

Loan Approval Date

5/24/2005

Loan Approval Gross Amount

$477,200

Loan Approval from the SBA

Of the total $477,200 loan amount, the SBA guaranteed $357,900.

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 19 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 19 existing jobs.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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 Southwest Securities, Fsb 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.

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