How to Get a Loan for Engineering Services

Looking for SBA loans for engineering services? Try the SBA. This $400,000 engineering services loan was issued by a Texas bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Richardson, Texas was able to borrow $400,000 from First Bank Of Canyon Creek. The SBA made the loan possible by guaranteeing $300,000 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: ENGINEERING SERVICES
RICHARDSON, TX 75081

SBA Loan Lender

FIRST BANK OF CANYON CREEK
1755 N COLLINS BLVD, STE 100
RICHARDSON, TX 75080

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541330 - Engineering Services

Loan Approval Date

5/20/2005

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 9 employees. The SBA loan documents did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Richardson TX, you ought to talk with a local Richardson SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Richardson businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First Bank Of Canyon Creek are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Advice on Getting a Small Business Loan

Small Business Banks in Richardson, Texas

SBA Texas Banks