Vending Machine Operators Bank Loans

Looking for bank loans for vending machine operators? The SBA may be the answer. This $462,600 vending machine operators loan was issued by a Texas bank.

This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with First Internatl Bancorp Texas, out of Plano, Texas. The loan was granted and they received $462,600 to help grow their San Antonio, Texas business.

SBA Loan Borrower

COMPANY TYPE: VENDING MACHINE OPERATORS
SAN ANTONIO, TX 78254

SBA Loan Lender

FIRST INTERNATL BANCORP TEXAS
1912 AVE K
PLANO, TX 75074

This commercial 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.

NAICS Code

454210 - Vending Machine Operators

Loan Approval Date

7/30/2004

Loan Approval Gross Amount

$462,600

Loan Approval from the SBA

Of the total $462,600 loan amount, the SBA guaranteed $346,950.

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. The SBA loan application for the borrower did not indicate that the company promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First Internatl Bancorp Texas 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:

SBIR Funding

Where to Get an SBA Loan in Plano, Texas

Where to Get an SBA Loan Texas