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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Coahoma, Business Loans > First Bank Of West Texas Coahoma Business Loans > Petroleum Bulk Stations And Terminals Loan | ||||
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Coahoma Bank Loan
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Coahoma, Texas Lender Lends Money to Petroleum Bulk Stations And Terminals CompanyGet to know Coahoma, Texas banks that specialize in small business loans and know how to work with entrepreneurs. First Bank Of West Texas is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Big Spring, Texas starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from First Bank Of West Texas. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: PETROLEUM BULK STATIONS AND TERMINALS SBA Loan Lender FIRST BANK OF WEST TEXAS SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5171 - Petroleum Bulk Stations and Terminals NAICS Code 422720 - Petroleum and Petroleum Products Wholesalers Loan Approval Date 7/31/2001 Loan Approval Gross Amount $753,895 Loan Approval from the SBA Of the total $753,895 loan amount, the SBA guaranteed $565,421. 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 15 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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 Bank Of West 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: SBA 7A Banks for Coahoma, Texas Loans
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