How to Get a Loan for Commercial and Industrial Machinery and Equipment

Looking for business loans for commercial and industrial machinery and equipment? The SBA may be the answer. This $128,201 commercial and industrial machinery and equipment loan was issued by a Texas bank.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Community Bank, out of Rockwall, Texas. The loan was granted and they received $128,201 to help grow their Rockwall, Texas business.

SBA Loan Borrower

COMPANY TYPE: REFRIGERATION AND AIR-CONDITIONING SERVICE
ROCKWALL, TX 75087

SBA Loan Lender

COMMUNITY BANK
201 E KAUFMAN
ROCKWALL, TX 75087

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7623 - Refrigeration and Air-Conditioning Service

NAICS Code

811310 - Commercial and Industrial Machinery and Equipment

Loan Approval Date

1/22/2003

Loan Approval Gross Amount

$128,201

Loan Approval from the SBA

Of the total $128,201 loan amount, the SBA guaranteed $108,971.

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 7 employees. This SBA loan request did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a small business or need money to grow a business, an SBA loan can be a great source of funding.

This SBA loan was for $128,201. How would you spend $128,201 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Obtaining Funding - How to Borrow Money

Good Banks for Small Business in Rockwall, Texas

SBA Texas Banks