Raising Money for Industrial Valve Manufacturing

With these bank loans for industrial valve manufacturing, the SBA guarantees the lender that the loan will be repaid. This industrial valve manufacturing loan for $150,500 was given to a Texas entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Houston, Texas was able to borrow $150,500 from Amegy Bank. The SBA made the loan possible by guaranteeing $75,250 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL VALVE MANUFACTURING
HOUSTON, TX 77066

SBA Loan Lender

AMEGY BANK
570 KINGWOOD DR
KINGWOOD, TX 77339

The lender provided this SBA business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

332911 - Industrial Valve Manufacturing

Loan Approval Date

4/17/2007

Loan Approval Gross Amount

$150,500

Loan Approval from the SBA

Of the total $150,500 loan amount, the SBA guaranteed $75,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 11 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 11 existing jobs.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

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SBA Approved Banks in Kingwood, Texas

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