SBA lending record
Rack Industries, LLC
5100 ANDREWS HWY, Midland, TX 79703 · Plate Work Manufacturing. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$3.6M
Total SBA financing
2
Loans on record
FY2020
On record
100
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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All 2 loans
$2,720,000 — FY2020
Loan 1 of 2- Gross approval
- $2,720,000
- SBA guaranteed
- $2,040,000 (75%)
- Status
- In workout — SBA bought the guarantee
- Rate at approval
- 7.5% v
- Term
- 21 mo (2 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 10/29/2019
- First disbursement
- 11/30/2019
- Days to fund
- 32 days
- Collateral
- Required
- Jobs supported
The lender
First National Bank and Trust Company of Weatherford d/b/a First Bank Texas
2 loans to this businessAgent summary
This page summarizes the public SBA 7(a) lending record for Rack Industries, LLC in Midland, TX (Plate Work Manufacturing). DealRoom compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.
- 2 SBA 7(a) loans totaling $3.6M
- On record FY2020
- 100 jobs supported
- Industry: Plate Work Manufacturing
- Location: Midland, TX
- Lender: First National Bank and Trust Company of Weatherford d/b/a First Bank Texas
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-15.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
- Methodology:
- Sources & methodology
Is Rack Industries, LLC your business?
This page was built from public lending data. Claim it free to correct the details, tell your story, and control how your business shows up — or ask us to take it down.
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DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Rack Industries, LLC.