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December 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Brownwood, Business Loans > Citizens National Bank At Brownwood Brownwood Business Loans > Crop Harvesting, Primarily By Machine Loan | ||||
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Brownwood, Texas SBA Banks
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Entrepreneur Works With Brownwood, Texas Bank to Get an SBA LoanA Brownwood, Texas SBA loan can be yours. Learn how one firm got a $50,000 business loan from this Texas bank. This loan to a local firm is a good example of an SBA loan. Citizens National Bank At Brownwood made the loan and the SBA guaranteed a portion of the loan. Many other Texas entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: CROP HARVESTING, PRIMARILY BY MACHINE SBA Loan Lender CITIZENS NATIONAL BANK AT BROWNWOOD This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 115113 - Crop Harvesting, Primarily by Machine Loan Approval Date 4/30/2002 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. More Information on This SBA Loan The borrower borrowed this money for an existing 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 only one employee. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Citizens National Bank At Brownwood so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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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