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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This record comes from public government lending data. Claim it to correct the details or tell your story — or ask us to take it down.
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
- 50
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- Plate Work Manufacturing
- NAICS code
- 332313
- Address
- 5100 ANDREWS HWY
- City
- Midland, 79703
- County
- Midland
- SBA district office
- LUBBOCK DISTRICT OFFICE
- Congressional district
- 11
$898,300 — FY2020
Loan 2 of 2- Gross approval
- $898,300
- SBA guaranteed
- $898,300 (100%)
- Status
- Cancelled
- Rate at approval
- 1% f
- Term
- 24 mo (2 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 4/3/2020
- Collateral
- None
- Jobs supported
- 50
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- Oil and Gas Field Machinery and Equipment Manufacturing
- NAICS code
- 333132
- Address
- 5100 ANDREWS HWY
- City
- Midland, 79703
- County
- Midland
- SBA district office
- LUBBOCK DISTRICT OFFICE
- Congressional district
- 11
The lender
First National Bank and Trust Company of Weatherford d/b/a First Bank Texas
2 loans to this businessFind SBA lenders for businesses like this
The banks most active funding plate work manufacturing — by location, industry.
Similar businesses
Comparable plate work manufacturing in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
E&P Industrial Operations (DFab), LLC
Springfield, MO· ~621 mi
Plate Work Manufacturing
- $2.4M
- SBA financing
- ≈ $4.8M–$7.9M
- Est. revenue (rough)
Black Lion Products, LLC
Youngstown, OH· ~1341 mi
Plate Work Manufacturing
- $2.3M
- SBA financing
- ≈ $4.5M–$7.5M
- Est. revenue (rough)
Vernier Metal Fabricating, Inc.
Seymour, CT· ~1727 mi
Plate Work Manufacturing
- $4.3M
- SBA financing
- ≈ $8.3M–$14M
- Est. revenue (rough)
Thrive Geneva Acquisition LLC
Muskegon, MI· ~1161 mi
Plate Work Manufacturing
- $4.8M
- SBA financing
- ≈ $9.3M–$16M
- Est. revenue (rough)
Burton Metal Finishing Inc.
Columbus, OH· ~1204 mi
Plate Work Manufacturing
- $2.9M
- SBA financing
- ≈ $5.6M–$9.3M
- Est. revenue (rough)
Dynamic Metal Processing Corporation
Hyde Park, PA· ~1385 mi
Plate Work Manufacturing
- $1.6M
- SBA financing
- ≈ $3.1M–$5.2M
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for Rack Industries, LLC in Midland, TX (Plate Work Manufacturing). CapBench 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
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Plate Work Manufacturing businesses in TX for ~$1.8M deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.
- Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.
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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Rack Industries, LLC.