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December 17, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Baytown, Business Loans > Crosby State Bank Baytown Business Loans > Commercial And Service Industry Machinery Manufacturing Loan | ||||
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Business Loans for Humble Business Owners
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Getting an SBA Loan for Commercial and Service Industry Machinery ManufacturingLooking for commercial loans for commercial and service industry machinery manufacturing? Talk to a banker who works with the SBA. This $800,000 commercial and service industry machinery manufacturing loan was issued by a Texas bank. This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Crosby State Bank, out of Baytown, Texas. The loan was granted and they received $800,000 to help grow their Humble, Texas business. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND SERVICE INDUSTRY MACHINERY MANUFACTURING SBA Loan Lender CROSBY STATE BANK 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 bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333319 - Commercial and Service Industry Machinery Manufacturing Loan Approval Date 12/20/2005 Loan Approval Gross Amount $800,000 Loan Approval from the SBA Of the total $800,000 loan amount, the SBA guaranteed $600,000. 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 4 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Good Banks for Small Business in Baytown, Texas
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