Commercial Loans for Materials Recovery Facilities

Looking for commercial loans for materials recovery facilities? Try the SBA. This $55,000 materials recovery facilities loan was issued by a Texas bank.

This business knew how to go about getting a business bank loan. Based in Mission, Texas, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Inter National Bank, based in Mcallen, Texas.

SBA Loan Borrower

COMPANY TYPE: MATERIALS RECOVERY FACILITIES
MISSION, TX 78573

SBA Loan Lender

INTER NATIONAL BANK
1801 S 2ND ST
MCALLEN, TX 78503

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

562920 - Materials Recovery Facilities

Loan Approval Date

3/17/2005

Loan Approval Gross Amount

$55,000

Loan Approval from the SBA

Of the total $55,000 loan amount, the SBA guaranteed $46,750.

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 6 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $55,000 loan. Remember, things become real when you believe you can achieve them!

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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