Breckenridge, Texas Bank Lends Money to Full-Service Restaurants Company in Breckenridge, Texas

A Breckenridge, Texas small business loan can be yours. Learn how a company got a $139,700 business loan from this Texas bank.

This loan to a local firm is a good example of an SBA loan. Citizens National Bank - Breckenridg made the loan and the SBA guaranteed a portion of the loan. Many other Texas entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
BRECKENRIDGE, TX 76424

SBA Loan Lender

CITIZENS NATIONAL BANK - BRECKENRIDG
301 W WALKER
BRECKENRIDGE, TX 76424

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.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/16/2004

Loan Approval Gross Amount

$139,700

Loan Approval from the SBA

Of the total $139,700 loan amount, the SBA guaranteed $118,745.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the company promised to use the funding to hire new employees 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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Citizens National Bank - Breckenridg are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

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