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December 4, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Dallas, Business Loans > Texas Cap. Bank Dallas Business Loans > Industrial Machinery And Equipment Loan | ||||
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Texas Cap. Bank SBA Loans
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Industrial Machinery and Equipment Wholesalers LoansLooking for loans for industrial machinery and equipment wholesalers? An SBA loan may be just what you've been looking for. This $162,500 industrial machinery and equipment wholesalers loan was issued by a Texas bank. Getting a small business loan in Irving, Texas was important for this growing firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Texas Cap. Bank, operating out of Dallas, Texas. Here are the details on this Texas small business loan. SBA Loan Borrower COMPANY TYPE: INDUSTRIAL MACHINERY AND EQUIPMENT SBA Loan Lender TEXAS CAP. BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5084 - Industrial Machinery and Equipment NAICS Code 421830 - Industrial Machinery and Equipment Wholesalers Loan Approval Date 6/6/2002 Loan Approval Gross Amount $162,500 Loan Approval from the SBA Of the total $162,500 loan amount, the SBA guaranteed $121,875. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Texas Cap. Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Texas Cap. Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Banking Deregulation's Effects on Entrepreneurship
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