SBA Loan from Amer National Bank - Texas Helps Machine Shops Company

An SBA loan from Amer National Bank - Texas typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Sachse, Texas business owner got a $418,500 loan.

This business knew how to go about getting a business bank loan. Based in Sachse, Texas, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Amer National Bank - Texas, based in Terrell, Texas.

SBA Loan Borrower

COMPANY TYPE: MACHINE SHOPS
SACHSE, TX 75048

SBA Loan Lender

AMER NATIONAL BANK - TEXAS
102 W MOORE
TERRELL, TX 75160

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332710 - Machine Shops

Loan Approval Date

3/30/2005

Loan Approval Gross Amount

$418,500

Loan Approval from the SBA

Of the total $418,500 loan amount, the SBA guaranteed $313,875.

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 8 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 10 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Amer National Bank - Texas so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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