Small Business Loans for Transportation Equipment and Supplies Wholesalers

Looking for small business loans for transportation equipment and supplies wholesalers? Try the SBA. This $100,000 transportation equipment and supplies wholesalers loan was issued by a Texas bank.

This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with American State Bank, out of Slaton, Texas. The loan was granted and they received $100,000 to help grow their Slaton, Texas business.

SBA Loan Borrower

COMPANY TYPE: TRANSPORTATION EQUIPMENT AND SUPPLIES WHOLESALERS
SLATON, TX 79364

SBA Loan Lender

AMERICAN STATE BANK
1800 W DIVISION ST
SLATON, TX 79364

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

9641 -

NAICS Code

421860 - Transportation Equipment and Supplies Wholesalers

Loan Approval Date

2/23/2001

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 10 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like American State Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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