Entrepreneur Works With Abilene, Texas Bank to Get an SBA Loan

Thinking about meeting with an Abilene, Texas bank about a business loan? Here's one Texas business loan, issued by an Abilene bank, that was approved by the SBA.

Applying for an SBA loan with Citibank worked out well for our friends at one local company in Abilene, Texas. They got an SBA loan for $48,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: HOME HEALTH CARE SERVICES
ABILENE, TX 79601

SBA Loan Lender

CITIBANK
1242 N 4TH ST
ABILENE, TX 79601

This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621610 - Home Health Care Services

Loan Approval Date

3/12/2002

Loan Approval Gross Amount

$48,000

Loan Approval from the SBA

Of the total $48,000 loan amount, the SBA guaranteed $40,800.

More Information on This SBA Loan

The borrower 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 15 employees. The SBA loan documents did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

Related Links:

Financing Your Business

Best Abilene, Texas Banks for Small Business

Getting an SBA Loan in Texas