Farm Machinery and Equipment Manufacturing Small Business Loans

Looking for small business loans for farm machinery and equipment manufacturing? Talk to a banker who works with the SBA. This $240,300 farm machinery and equipment manufacturing loan was issued by a Texas bank.

This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with American State Bank, out of Lubbock, Texas. The loan was granted and they received $240,300 to help grow their Lubbock, Texas business.

SBA Loan Borrower

COMPANY TYPE: FARM MACHINERY AND EQUIPMENT MANUFACTURING
LUBBOCK, TX 79404

SBA Loan Lender

AMERICAN STATE BANK
1401 AVE 'Q'
LUBBOCK, TX 79401

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333111 - Farm Machinery and Equipment Manufacturing

Loan Approval Date

8/15/2003

Loan Approval Gross Amount

$240,300

Loan Approval from the SBA

Of the total $240,300 loan amount, the SBA guaranteed $180,225.

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 75 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 75 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like American State Bank and they will explain how you can get an SBA loan for your company.

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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