Where to Get Capital for Natural Gas Liquid Extraction

Looking for small business loans for natural gas liquid extraction? An SBA loan may be just what you've been looking for. This $220,000 natural gas liquid extraction loan was issued by a Texas bank.

Getting a small business loan in Odessa, Texas was important for this company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Commercial State Bank, operating out of Midland, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: CIGARETTES
ODESSA, TX 79765

SBA Loan Lender

COMMERCIAL STATE BANK
300 N 'A' ST
MIDLAND, TX 79701

This 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

2111 - Cigarettes

NAICS Code

211112 - Natural Gas Liquid Extraction

Loan Approval Date

9/21/2006

Loan Approval Gross Amount

$220,000

Loan Approval from the SBA

Of the total $220,000 loan amount, the SBA guaranteed $165,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 7 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

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

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Commercial State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Commercial State Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

SBIR Funding

SBA 7A Banks in Midland, Texas

Getting an SBA Loan in Texas