Lindale State Bank SBA Loan to Aluminum Extruded Products Company

Lindale State Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Texas entrepreneur was able to get a loan to take a small business to the next level.

This growing company knew how to go about getting a business bank loan. Based in Lindale, Texas, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Lindale State Bank, based in Lindale, Texas.

SBA Loan Borrower

COMPANY TYPE: ALUMINUM EXTRUDED PRODUCTS
LINDALE, TX 75771

SBA Loan Lender

LINDALE STATE BANK
101 S MAIN ST
LINDALE, TX 75771

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3354 - Aluminum Extruded Products

NAICS Code

331316 - Aluminum Extruded Product Manufacturing

Loan Approval Date

5/2/2001

Loan Approval Gross Amount

$912,000

Loan Approval from the SBA

Of the total $912,000 loan amount, the SBA guaranteed $684,000.

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 47 employees. The loan application did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

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:

Advice on Getting a Small Business Loan

SBA 7A Banks for Lindale, Texas Loans

SBA Lenders in Texas