Abbott, Texas Entrepreneur Gets a Small Business Loan
SBA loans in Texas are tough to come by these days. We take a look at one Texas SBA loan, provided by a Nevada bank, that was approved by the SBA.
You can learn something about getting a small business loan in Abbott, Texas by studying this loan to a local business, made back in 2001. Banks like Washington Mutual Bank may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: BASIC ORGANIC CHEMICAL MANUFACTURING
ABBOTT, TX 76621
SBA Loan Lender
WASHINGTON MUTUAL BANK
2273 N GREEN VALLEY PKWY, STE
HENDERSON, NV 89014
This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
325199 - Basic Organic Chemical Manufacturing
Loan Approval Date
11/16/2001
Loan Approval Gross Amount
$925,000
Loan Approval from the SBA
Of the total $925,000 loan amount, the SBA guaranteed $693,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 11 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 13 existing jobs.
Next Steps for Getting an SBA Loan
If you are wondering how to raise money for a business in Abbott TX, you ought to talk with a local Abbott SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Abbott businesses.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.
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