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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Arlington, Business Loans > Southwest Securities, Fsb Arlington Business Loans > Business To Business Electronic Markets Loan | ||||
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Banks in Arlington, Texas That Make SBA Loans
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Arlington, Texas Bank Lends Money to Business To Business Electronic Markets Company in Arlington, TexasGet to know Arlington, Texas banks that specialize in small business loans and know how to work with entrepreneurs. Southwest Securities, Fsb is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Arlington, Texas starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Southwest Securities, Fsb. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: BUSINESS TO BUSINESS ELECTRONIC MARKETS SBA Loan Lender SOUTHWEST SECURITIES, FSB As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 425110 - Business to Business Electronic Markets Loan Approval Date 12/22/2004 Loan Approval Gross Amount $755,000 Loan Approval from the SBA Of the total $755,000 loan amount, the SBA guaranteed $566,250. 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 20 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 20 existing jobs. Next Steps for Getting an SBA Loan Don't forget. To get an SBA loan, you must 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. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Southwest Securities, Fsb that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Family and Friend Investors - Your First Financiers Best Banks in Arlington, Texas Where to Get an SBA Loan Texas
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