Small Business Loans for Engineering Services
Looking for small business loans for engineering services? An SBA loan may be just what you've been looking for. This $150,000 engineering services loan was issued by a Texas bank.
Design & Assembly Concepts Inc received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with First State Bank Central Texas, out of Austin, Texas. The loan was granted and they received $150,000 to help grow their Leander, Texas business.
SBA Loan Borrower
DESIGN & ASSEMBLY CONCEPTS INC
10949 E CRYSTAL FALLS PARKWA
LEANDER, TX 78641
SBA Loan Lender
FIRST STATE BANK CENTRAL TEXAS
6500 N MOPAC, STE 1101
AUSTIN, TX 78731
The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
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
541330 - Engineering Services
Loan Approval Date
2/9/2007
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $75,000.
More Information on This SBA Loan
The borrower, Design & Assembly Concepts Inc, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 16 employees. This SBA loan request indicated that the loan would help generate 6 new jobs and retain 22 existing jobs.
Getting an SBA Loan For Your Business
Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this Design & Assembly Concepts Inc loan from First State Bank Central Texas so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Getting a Small Business Loan
Best Banks for Small Business in Austin, Texas
Texas SBA 7A Lenders
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