How to Get a Loan for Ship Building and Repairing
Looking for commercial loans for ship building and repairing? An SBA loan may be just what you've been looking for. This $75,000 ship building and repairing loan was issued by a Virginia bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Pearland, Texas was able to borrow $75,000 from Capital One. The SBA made the loan possible by guaranteeing $37,500 of this Texas small business loan.
SBA Loan Borrower
COMPANY TYPE: SHIP BUILDING AND REPAIRING
Pearland, TX 77581
SBA Loan Lender
CAPITAL ONE
1680 CAPITAL ONE DR
MCLEAN, VA 22102
This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
336611 - Ship Building and Repairing
Loan Approval Date
9/23/2005
Loan Approval Gross Amount
$75,000
Loan Approval from the SBA
Of the total $75,000 loan amount, the SBA guaranteed $37,500.
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 7 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 7 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
We've showcased information on this loan to let you know that businesses like yours 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.
Related Links:
Determining Proper Capital Structure for a Business
Where to Get an SBA Loan in Mclean, Virginia
Getting a Business Loan in Virginia