Financing for Confectionery Manufacturing from Purchased Chocolate

Looking for loans for confectionery manufacturing from purchased chocolate? An SBA loan may be just what you've been looking for. This $150,000 confectionery manufacturing from purchased chocolate loan was issued by a Texas bank.

Miles Of Chocolate Inc received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Amer Bank, out of Corpus Christi, Texas. The loan was granted and they received $150,000 to help grow their Austin, Texas business.

SBA Loan Borrower

MILES OF CHOCOLATE INC
617-C CASTLE RIDGE RD
AUSTIN, TX 78746

SBA Loan Lender

AMER BANK
711 N CARANCAHUA
CORPUS CHRISTI, TX 78411

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.

NAICS Code

311330 - Confectionery Manufacturing from Purchased Chocolate

Loan Approval Date

5/18/2006

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower, Miles Of Chocolate Inc, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like Miles Of Chocolate Inc did when it applied for and received this $150,000 loan. Remember, feel the fear, and do it anyway.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Bank Credit Lines

SBA 7A Banks in Corpus Christi, Texas

Where to Get an SBA Loan Texas

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