Business Loan from Prosperity Bank Given to Functions Related To Depositor Banking, N.E.C Company

An SBA loan from Prosperity Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Bedford, Texas business owner got a $274,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Bedford, Texas, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Prosperity Bank, based in Dallas, Texas.

SBA Loan Borrower

COMPANY TYPE: FUNCTIONS RELATED TO DEPOSITOR BANKING, N.E.C
BEDFORD, TX 76022

SBA Loan Lender

PROSPERITY BANK
3515 W CAMP WISDOM RD
DALLAS, TX 75237

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

6099 - Functions Related to Depositor Banking, N.E.C

NAICS Code

522390 - Activities Related to Credit Intermediation

Loan Approval Date

6/22/2001

Loan Approval Gross Amount

$274,000

Loan Approval from the SBA

Of the total $274,000 loan amount, the SBA guaranteed $205,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the company planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Startup Funding Tip

SBA 7A Lenders in Dallas, Texas

Texas SBA Banks