Business Loans for Industrial Process Furnace and Oven Manufacturing

Looking for business loans for industrial process furnace and oven manufacturing? An SBA loan may be just what you've been looking for. This $475,800 industrial process furnace and oven manufacturing loan was issued by a Texas bank.

This small business knew how to go about getting a business bank loan. Based in Houston, Texas, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Sterling Bank, based in Houston, Texas.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL PROCESS FURNACE AND OVEN MANUFACTURING
HOUSTON, TX 77041

SBA Loan Lender

STERLING BANK
2550 N LOOP WEST
HOUSTON, TX 77092

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333994 - Industrial Process Furnace and Oven Manufacturing

Loan Approval Date

3/12/2002

Loan Approval Gross Amount

$475,800

Loan Approval from the SBA

Of the total $475,800 loan amount, the SBA guaranteed $356,850.

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 9 employees. This SBA loan request indicated that the borrowed money would help create 2 new jobs.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This SBA loan was for $475,800. How would you spend $475,800 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

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Getting an SBA Loan in Texas