Get an SBA Loan for Testing Laboratories

With these bank loans for testing laboratories, the SBA guarantees the lender that the loan will be repaid. This testing laboratories loan for $126,000 was given to a Texas entrepreneur in 2005.

This company knew how to go about getting a business bank loan. Based in Wichita Falls, Texas, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was First National Bank Wichita Falls, based in Wichita Falls, Texas.

SBA Loan Borrower

COMPANY TYPE: TESTING LABORATORIES
WICHITA FALLS, TX 76308

SBA Loan Lender

FIRST NATIONAL BANK WICHITA FALLS
3801 FAIRWAY
WICHITA FALLS, TX 76310

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541380 - Testing Laboratories

Loan Approval Date

8/5/2005

Loan Approval Gross Amount

$126,000

Loan Approval from the SBA

Of the total $126,000 loan amount, the SBA guaranteed $107,100.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 application for the borrower did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

This SBA loan was for $126,000. How would you spend $126,000 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:

Small Business Loan

SBA 7A Lenders in Wichita Falls, Texas

Find an SBA Lender in Texas