Belton, Texas Lender Lends Money to Business Services Company
Thinking about meeting with a Belton, Texas bank about a business loan? Here's one Texas business loan, issued by a Belton bank, that was approved by the SBA.
Applying for an SBA loan with First State Bank Central Texas worked out well for our friends at one local business in Belton, Texas. They got an SBA loan for $25,000. Great job!
SBA Loan Borrower
COMPANY TYPE: BUSINESS SERVICES
BELTON, TX 76513
SBA Loan Lender
FIRST STATE BANK CENTRAL TEXAS
2855 N MAIN
BELTON, TX 76513
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7389 - Business Services
NAICS Code
454210 - Vending Machine Operators
Loan Approval Date
1/31/2001
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $21,250.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 company promised to use the money to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans provide money to small business owners for working capital for other expenses.
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 First State Bank Central Texas 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:
Role of Business Plan When Raising Money
Find an SBA Lender in Belton, Texas
SBA Participating Banks in Texas