Borrowing Money for Electronic and Precision Equipment Repair and Maintenance

Looking for loans for electronic and precision equipment repair and maintenance? An SBA loan may be just what you've been looking for. This $328,500 electronic and precision equipment repair and maintenance loan was issued by a Texas bank.

Central Texas Avionics, Inc. received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with First State Bank Central Texas, out of Austin, Texas. The loan was granted and they received $328,500 to help grow their Georgetown, Texas business.

SBA Loan Borrower

CENTRAL TEXAS AVIONICS, INC.
160C TERMINAL DRIVE
GEORGETOWN, TX 78628

SBA Loan Lender

FIRST STATE BANK CENTRAL TEXAS
6500 N MOPAC, STE 1101
AUSTIN, TX 78731

This lender issued this business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5065 - Electronic Parts and Equipment, N.E.C.

NAICS Code

811219 - Other Electronic and Precision Equipment Repair and Maintenance

Loan Approval Date

6/18/2003

Loan Approval Gross Amount

$328,500

Loan Approval from the SBA

Of the total $328,500 loan amount, the SBA guaranteed $246,375.

More Information on This SBA Loan

The borrower, Central Texas Avionics, Inc., 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 8 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We can help you find the best banks for small businesses in Georgetown 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:

Alternative Financing

SBA 7A Banks for Austin, Texas Loans

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