Lubbock, Texas Bank Gives SBA Loan to Sawmill And Woodworking Machinery Manufacturing Company

A Lubbock, Texas SBA loan can be yours. Learn how a company got a $131,400 business loan from this Texas bank.

This loan to a local firm is a good example of an SBA loan. First Bank & Trust Company made the loan and the SBA guaranteed a portion of the loan. Many other Texas entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: SAWMILL AND WOODWORKING MACHINERY MANUFACTURING
LUBBOCK, TX 79404

SBA Loan Lender

FIRST BANK & TRUST COMPANY
7806 INDIANA AVE
LUBBOCK, TX 79423

This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333210 - Sawmill and Woodworking Machinery Manufacturing

Loan Approval Date

6/24/2004

Loan Approval Gross Amount

$131,400

Loan Approval from the SBA

Of the total $131,400 loan amount, the SBA guaranteed $111,690.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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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