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December 22, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Amarillo, Business Loans > Herring Bank Amarillo Business Loans > Industrial Nonbuilding Structure Construction Loan | ||||
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How to Get SBA Loans in Amarillo, Texas
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Business Loans for Industrial Nonbuilding Structure ConstructionLooking for business loans for industrial nonbuilding structure construction? Talk to a banker who works with the SBA. This $125,000 industrial nonbuilding structure construction loan was issued by a Texas bank. This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Herring Bank, out of Amarillo, Texas. The loan was granted and they received $125,000 to help grow their Amarillo, Texas business. SBA Loan Borrower COMPANY TYPE: INDUSTRIAL NONBUILDING STRUCTURE CONSTRUCTION SBA Loan Lender HERRING BANK 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. NAICS Code 234930 - Industrial Nonbuilding Structure Construction Loan Approval Date 5/31/2002 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. We can help you find the best banks for small businesses in Amarillo or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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:
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