 |
 |
November 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Texas Business Loan Sources > Lubbock, Business Loans > Plainscapital Bank Lubbock Business Loans > Architectural Services Loan | ||||
 |
||||
Banks for Addison Entrepreneurs
|
||||
 |
Texas SBA Loan Issued to Architectural Services CompanyTexasSmall business loans are available to Texas small business owners through the SBA. In this case, a Texas bank provides the loan. This company, based in Addison, Texas, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Plainscapital Bank. We've got the inside scoop on this Texas small business loan. SBA Loan Borrower COMPANY TYPE: ARCHITECTURAL SERVICES SBA Loan Lender PLAINSCAPITAL BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 541310 - Architectural Services Loan Approval Date 1/20/2005 Loan Approval Gross Amount $23,600 Loan Approval from the SBA Of the total $23,600 loan amount, the SBA guaranteed $11,800. 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 5 employees. The loan application indicated that the loan would help retain 5 existing jobs. Next Steps for Getting an SBA Loan 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. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $23,600 loan. Remember, you control your own destiny. 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: Banking Deregulation's Effects on Entrepreneurship Find an SBA Lender in Lubbock, Texas
|
|
||
|
||||
|
|
||||