Lindale, Texas Bank Gives SBA Loan to Asphalt Felts And Coatings Company

Want to talk with a Lindale, Texas bank about an SBA loan? Here's one Texas business loan, issued by a Lindale bank, that was approved by the SBA.

Applying for an SBA loan with Lindale State Bank worked out well for our friends at one local company in Lindale, Texas. They received an SBA loan for $625,000. Great job!

SBA Loan Borrower

COMPANY TYPE: ASPHALT FELTS AND COATINGS
LINDALE, TX 75771

SBA Loan Lender

LINDALE STATE BANK
101 S MAIN ST
LINDALE, TX 75771

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 loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2952 - Asphalt Felts and Coatings

NAICS Code

324122 - Asphalt Shingle and Coating Materials Manufacturing

Loan Approval Date

3/11/2003

Loan Approval Gross Amount

$625,000

Loan Approval from the SBA

Of the total $625,000 loan amount, the SBA guaranteed $468,750.

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 15 employees. The loan application did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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.

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