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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Groves, Business Loans > Gulf Cu Groves Business Loans > Computer Programming Services Loan | ||||
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Groves, Texas SBA Banks
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Groves, Texas Bank Lends Money to Computer Programming Services Company in Beaumont, TexasWant to talk with a Groves, Texas bank about a business loan? Here's one Texas business loan, issued by a Groves bank, that was approved by the SBA. Applying for an SBA loan with Gulf Cu worked out well for our friends at one local company in Beaumont, Texas. They received an SBA loan for $35,300. Sweet! SBA Loan Borrower COMPANY TYPE: COMPUTER PROGRAMMING SERVICES SBA Loan Lender GULF CU The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide small business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7371 - Computer Programming Services NAICS Code 541511 - Custom Computer Programming Services Loan Approval Date 8/29/2003 Loan Approval Gross Amount $35,300 Loan Approval from the SBA Of the total $35,300 loan amount, the SBA guaranteed $30,005. 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 3 employees. The loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Gulf Cu and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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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