Santa Fe, Texas Lender Lends Money to Metal Valve And Pipe Fitting Manufacturing Company

Find Santa Fe, Texas banks that specialize in SBA loans and know how to work with entrepreneurs. Texas First Bank Santa Fe is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Texas City, Texas starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Texas First Bank Santa Fe. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: METAL VALVE AND PIPE FITTING MANUFACTURING
TEXAS CITY, TX 77590

SBA Loan Lender

TEXAS FIRST BANK SANTA FE
12402 HWY 6
SANTA FE, TX 77510

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

332919 - Metal Valve and Pipe Fitting Manufacturing

Loan Approval Date

7/29/2004

Loan Approval Gross Amount

$541,000

Loan Approval from the SBA

Of the total $541,000 loan amount, the SBA guaranteed $405,750.

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 9 employees. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 9 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

This SBA loan was for $541,000. How would you spend $541,000 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:

Business Credit Evaluation

Where to Get an SBA Loan in Santa Fe, Texas

SBA Participating Banks in Texas