Franklin Bank S.S.B. Gives Business Loan to Service Establishment Equipment And Supplies Company
TexasSmall business loans are available to Texas small business owners through the SBA. In this case, a Texas bank provides the loan.
You can learn something about getting a small business loan in Bryan, Texas by studying this loan to a local company, made back in 2000. Banks like Franklin Bank S.S.B. may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: SERVICE ESTABLISHMENT EQUIPMENT AND SUPPLIES
BRYAN, TX 77803
SBA Loan Lender
FRANKLIN BANK S.S.B.
2807 S TEXAS AVE
BRYAN, TX 77802
This lender issued this particular commercial 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
5087 - Service Establishment Equipment and Supplies
Loan Approval Date
6/14/2000
Loan Approval Gross Amount
$121,700
Loan Approval from the SBA
Of the total $121,700 loan amount, the SBA guaranteed $91,275.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 3 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
We can help you find the best banks for small businesses in Bryan 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:
Obtaining Funding From a Venture Capitalist
Best Bryan, Texas Banks for Small Business
Texas SBA 7A Lenders