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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Breckenridge, Business Loans > Citibank Breckenridge Business Loans > Carpet And Upholstery Cleaning Loan | ||||
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Banks Doing SBA Loans in Texas
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Breckenridge, Texas Bank Lends Money to Carpet And Upholstery Cleaning Company in Breckenridge, TexasThinking about meeting with a Breckenridge, Texas bank about a small business loan? Here's one Texas business loan, issued by a Breckenridge bank, that was approved by the SBA. Applying for an SBA loan with Citibank worked out well for our friends at one local business in Breckenridge, Texas. They received an SBA loan for $49,500. Sweet! SBA Loan Borrower COMPANY TYPE: CARPET AND UPHOLSTERY CLEANING SBA Loan Lender CITIBANK This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7217 - Carpet and Upholstery Cleaning NAICS Code 561740 - Carpet and Upholstery Cleaning Services Loan Approval Date 8/15/2000 Loan Approval Gross Amount $49,500 Loan Approval from the SBA Of the total $49,500 loan amount, the SBA guaranteed $39,600. 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 only one employee. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We can help you find the best banks for small businesses in Breckenridge or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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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