Bank Loans for Pump and Pumping Equipment Manufacturing

Looking for bank loans for pump and pumping equipment manufacturing? Try the SBA. This $217,948 pump and pumping equipment manufacturing loan was issued by a Texas bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Odessa, Texas was able to borrow $217,948 from Southwest Bank. The SBA made the loan possible by guaranteeing $163,461 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: PUMPS AND PUMPING EQUIPMENT
ODESSA, TX 79763

SBA Loan Lender

SOUTHWEST BANK
4800 E 42ND ST
ODESSA, TX 79762

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3561 - Pumps and Pumping Equipment

NAICS Code

333911 - Pump and Pumping Equipment Manufacturing

Loan Approval Date

2/12/2002

Loan Approval Gross Amount

$217,948

Loan Approval from the SBA

Of the total $217,948 loan amount, the SBA guaranteed $163,461.

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 9 employees. The loan application did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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