SBA Loans for Broadwoven Fabric Finishing Mills

With these SBA loans for broadwoven fabric finishing mills, the SBA guarantees the lender that the loan will be repaid. This broadwoven fabric finishing mills loan for $70,000 was given to a Texas entrepreneur in 2000.

Getting a small business loan in Amarillo, Texas was important for this business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from First National Bank Of Borger, operating out of Borger, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: FINISHERS OF BROADWOVEN FABRICS OF COTTON
AMARILLO, TX 79110

SBA Loan Lender

FIRST NATIONAL BANK OF BORGER
531 N DEAHL
BORGER, TX 79007

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2261 - Finishers of Broadwoven Fabrics of Cotton

NAICS Code

313311 - Broadwoven Fabric Finishing Mills

Loan Approval Date

9/15/2000

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $56,000.

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

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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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