Financing for Oil and Gas Pipeline and Related Structures Construction

With these commercial loans for oil and gas pipeline and related structures construction, the SBA guarantees the lender that the loan will be repaid. This oil and gas pipeline and related structures construction loan for $769,000 was given to a Texas entrepreneur in 2006.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Pampa, Texas was able to borrow $769,000 from First State Bank. The SBA made the loan possible by guaranteeing $576,750 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: MANAGEMENT SERVICES
PAMPA, TX 79065

SBA Loan Lender

FIRST STATE BANK
1ST & WHEELER
MOBEETIE, TX 79061

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA small business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8741 - Management Services

NAICS Code

237120 - Oil and Gas Pipeline and Related Structures Construction

Loan Approval Date

4/21/2006

Loan Approval Gross Amount

$769,000

Loan Approval from the SBA

Of the total $769,000 loan amount, the SBA guaranteed $576,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 30 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

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Who Lends Money to Small Businesses in Mobeetie, Texas

Texas SBA 7A Lenders