Amarillo, Texas Bank Gives SBA Loan to Dentists Company

Want to talk with an Amarillo, Texas bank about a small business loan? Here's one Texas business loan, issued by an Amarillo bank, that was approved by the SBA.

Applying for an SBA loan with Herring Bank worked out well for our friends at one local firm in Amarillo, Texas. The business was able to get an SBA loan for $101,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: DENTISTS
AMARILLO, TX 79107

SBA Loan Lender

HERRING BANK
2201 CIVIC CIR
AMARILLO, TX 79101

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

621210 - Dentists

Loan Approval Date

1/24/2003

Loan Approval Gross Amount

$101,000

Loan Approval from the SBA

Of the total $101,000 loan amount, the SBA guaranteed $85,850.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

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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Getting an SBA Loan in Texas