Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Examples of Houston SBA Loans

 

 
Loan Census SBA Loan Info

Enameled Iron and Metal Sanitary Ware Manufacturing Loans

Looking for loans for enameled iron and metal sanitary ware manufacturing? Talk to a banker who works with the SBA. This $459,200 enameled iron and metal sanitary ware manufacturing loan was issued by a Texas bank.

This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Omnibank, National Association, out of Houston, Texas. The loan was granted and they received $459,200 to help grow their Houston, Texas business.

SBA Loan Borrower

COMPANY TYPE: ENAMELED IRON AND METAL SANITARY WARE MANUFACTURING
HOUSTON, TX 77042

SBA Loan Lender

OMNIBANK, NATIONAL ASSOCIATION
4328 OLD SPANISH TRL
HOUSTON, TX 77021

This lender issued this business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332998 - Enameled Iron and Metal Sanitary Ware Manufacturing

Loan Approval Date

6/13/2007

Loan Approval Gross Amount

$459,200

Loan Approval from the SBA

Of the total $459,200 loan amount, the SBA guaranteed $344,400.

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 24 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 20 existing jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Omnibank, National Association that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Dealing With Venture Capitalists

Where to Get an SBA Loan in Houston, Texas

Getting an SBA Loan in Texas