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November 21, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Truckee, Business Loans > Bank Of The West Truckee Business Loans > Electronic Components Loan | ||||
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Houston, Texas Bank for SBA Loans
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Commercial Loans for Communication and Energy Wire ManufacturingLooking for commercial loans for communication and energy wire manufacturing? An SBA loan may be just what you've been looking for. This $200,000 communication and energy wire manufacturing loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Houston, Texas was able to borrow $200,000 from Bank Of The West. The SBA made the loan possible by guaranteeing $150,000 of this Texas small business loan. SBA Loan Borrower COMPANY TYPE: ELECTRONIC COMPONENTS SBA Loan Lender BANK OF THE WEST The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA 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 3679 - Electronic Components NAICS Code 335929 - Communication and Energy Wire Manufacturing Loan Approval Date 8/1/2001 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. 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 3 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to increase staffing levels 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. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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 Friends and Family Network Best Banks for Small Business in Truckee, California Getting an SBA Loan in California
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