Get an SBA Loan for Plastics Materials and Basic Forms and Shapes Merchant Wholesalers

With these loans for plastics materials and basic forms and shapes merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This plastics materials and basic forms and shapes merchant wholesalers loan for $100,000 was given to a Texas entrepreneur in 2004.

Getting a small business loan in Austin, Texas was important for Thermo Tex Polymers back in 2004 and, based on their loan application, they were successful in getting an SBA loan from American Bank Of Commerce, operating out of Wolfforth, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

THERMO TEX POLYMERS
9508 JOLLYVILLE ROAD STE 303
AUSTIN, TX 78759

SBA Loan Lender

AMERICAN BANK OF COMMERCE
W 82ND ST AND US HWY 62/82
WOLFFORTH, TX 79382

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

424610 - Plastics Materials and Basic Forms and Shapes Merchant Wholesalers

Loan Approval Date

6/15/2004

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower, Thermo Tex Polymers, borrowed this money for an existing business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs. This loan was paid in full, and was closed out on 8/30/2005.

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.

We can help you find the best banks for small businesses in Austin or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

About This SBA Loan Information:

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

Related Links:

Role of Business Plan When Raising Money

Small Business Banks in Wolfforth, Texas

Texas SBA 7A Banks

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