Amegy Bank SBA Loan to Industrial Machinery And Equipment Merchant Wholesalers Company

An SBA loan from Amegy Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Pasadena, Texas business owner got a $1,260,000 loan.

This growing company received financial assistance through the SBA's lending programs back in 2008. They applied for an SBA loan with Amegy Bank, out of Kingwood, Texas. The loan was granted and they received $1,260,000 to help grow their Pasadena, Texas business.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL MACHINERY AND EQUIPMENT MERCHANT WHOLESALERS
PASADENA, TX 77546

SBA Loan Lender

AMEGY BANK
570 KINGWOOD DR
KINGWOOD, TX 77339

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

423830 - Industrial Machinery and Equipment Merchant Wholesalers

Loan Approval Date

1/18/2008

Loan Approval Gross Amount

$1,260,000

Loan Approval from the SBA

Of the total $1,260,000 loan amount, the SBA guaranteed $945,000.

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 29 employees. The SBA loan documents indicated that the loan would help retain 29 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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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