Beaumont, Texas Business Gets SBA-Guaranteed Funding from Gulf Cu

An SBA loan from Gulf Cu typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Beaumont, Texas business owner got a $152,900 loan.

This small firm knew how to go about getting a business bank loan. Based in Beaumont, Texas, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Gulf Cu, based in Groves, Texas.

SBA Loan Borrower

COMPANY TYPE: ADJUSTMENT AND COLLECTION SERVICES
BEAUMONT, TX 77705

SBA Loan Lender

GULF CU
5140 W PARKWAY
GROVES, TX 77619

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7322 - Adjustment and Collection Services

NAICS Code

561440 - Collection Agencies

Loan Approval Date

8/21/2003

Loan Approval Gross Amount

$152,900

Loan Approval from the SBA

Of the total $152,900 loan amount, the SBA guaranteed $127,500.

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 loan application did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $152,900 loan. Remember, fight for what you want, and it will be yours!

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:

A Company That Helps Entrepreneurs

SBA 7A Banks in Groves, Texas

SBA Participating Banks in Texas