How to Get a Loan for Veterinary Services

Looking for business loans for veterinary services? Talk to a banker who works with the SBA. This $130,000 veterinary services loan was issued by a Texas bank.

Getting a small business loan in Bonham, Texas was important for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from American Bank Of Texas, operating out of Frisco, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: VETERINARY SERVICES
BONHAM, TX 75418

SBA Loan Lender

AMERICAN BANK OF TEXAS
6100 PRESTON RD
FRISCO, TX 75034

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541940 - Veterinary Services

Loan Approval Date

1/11/2002

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $110,500.

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 4 employees. This SBA loan request did not indicate that the business promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a business or need money to grow a business, an SBA loan can be a great way to raise money

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Dealing With Venture Capitalists

Small Bank Loans in Frisco, Texas

Getting an SBA Loan in Texas