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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Tyler, Business Loans > Southside Bank Tyler Business Loans > Plastics Pipe And Pipe Fitting Manufacturing Loan | ||||
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We Needed an SBA Loan in Jacksonville, Texas and We Got One!
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Plastics Pipe and Pipe Fitting Manufacturing Business LoansLooking for business loans for plastics pipe and pipe fitting manufacturing? The SBA may be the answer. This $509,300 plastics pipe and pipe fitting manufacturing loan was issued by a Texas bank. This small business knew how to go about getting a business bank loan. Based in Jacksonville, Texas, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Southside Bank, based in Tyler, Texas. SBA Loan Borrower COMPANY TYPE: PLASTICS PIPE AND PIPE FITTING MANUFACTURING SBA Loan Lender SOUTHSIDE BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 326122 - Plastics Pipe and Pipe Fitting Manufacturing Loan Approval Date 4/3/2003 Loan Approval Gross Amount $509,300 Loan Approval from the SBA Of the total $509,300 loan amount, the SBA guaranteed $381,975. 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 18 employees. The loan application indicated that the loan would help retain 18 existing jobs. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Find an SBA Lender in Tyler, Texas
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