Raising Money for General Merchandise Stores

Looking for business loans for general merchandise stores? An SBA loan may be just what you've been looking for. This $225,000 general merchandise stores loan was issued by a Texas bank.

This business knew how to go about getting a business bank loan. Based in Arlington, Texas, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was First National Bank - Mid-Cities, based in Bedford, Texas.

SBA Loan Borrower

COMPANY TYPE: GENERAL MERCHANDISE STORES
ARLINGTON, TX 76096

SBA Loan Lender

FIRST NATIONAL BANK - MID-CITIES
4009 AIRPORT FRWY
BEDFORD, TX 76021

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5399 - General Merchandise Stores

NAICS Code

452990 - General Merchandise Stores

Loan Approval Date

2/28/2003

Loan Approval Gross Amount

$225,000

Loan Approval from the SBA

Of the total $225,000 loan amount, the SBA guaranteed $168,750.

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 12 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First National Bank - Mid-Cities and they will explain how you can get an SBA loan for your company.

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:

Choosing VC Firms

SBA Banks in Bedford, Texas

Getting an SBA Loan in Texas