Entrepreneur Works With Groves, Texas Bank to Get an SBA Loan

Get business loans from a Groves, Texas bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Gulf Cu is a Groves, Texas small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Texas company.

SBA Loan Borrower

COMPANY TYPE: BOOK PUBLISHING
BEAUMONT, TX 77707

SBA Loan Lender

GULF CU
5140 W PARKWAY
GROVES, TX 77619

This lender issued this SBA bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2731 - Book Publishing

NAICS Code

323119 - Commercial Printing

Loan Approval Date

9/4/2002

Loan Approval Gross Amount

$40,200

Loan Approval from the SBA

Of the total $40,200 loan amount, the SBA guaranteed $34,170.

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 6 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Gulf Cu had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Gulf Cu made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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.

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