Raising Money for Recyclable Material Wholesalers

With these bank loans for recyclable material wholesalers, the SBA guarantees the lender that the loan will be repaid. This recyclable material wholesalers loan for $210,000 was given to a Texas entrepreneur in 2001.

This small firm knew how to go about getting a business bank loan. Based in Stephenville, Texas, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Texas Bank, based in Stephenville, Texas.

SBA Loan Borrower

COMPANY TYPE: SCRAP AND WASTE MATERIALS
STEPHENVILLE, TX 76401

SBA Loan Lender

TEXAS BANK
998 WOLFE NURSERY RD
STEPHENVILLE, TX 76401

This bank 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

5093 - Scrap and Waste Materials

NAICS Code

421930 - Recyclable Material Wholesalers

Loan Approval Date

9/12/2001

Loan Approval Gross Amount

$210,000

Loan Approval from the SBA

Of the total $210,000 loan amount, the SBA guaranteed $157,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Angel Investors

SBA 7A Lenders in Stephenville, Texas

Texas SBA 7A Lenders