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December 25, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Plano, Business Loans > First International Bank Plano Business Loans > Specialty Trade Contractors Loan | ||||
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Get a Business Loan from First International Bank
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Business Loan from First International Bank Given to Specialty Trade Contractors CompanyAn SBA loan from First International Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Addison, Texas business owner got a $100,000 loan. Getting a small business loan in Addison, Texas was an essential business goal for this firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from First International Bank, operating out of Plano, Texas. Here are the details on this Texas small business loan. SBA Loan Borrower COMPANY TYPE: SPECIALTY TRADE CONTRACTORS SBA Loan Lender FIRST INTERNATIONAL BANK 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 238990 - Specialty Trade Contractors Loan Approval Date 5/13/2004 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $100,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Accountant's Role in Securing Financing Best Plano, Texas Banks for Small Business
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