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November 24, 2024  
 
 
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Loan Census SBA Loan Info

Entrepreneur Works With Dallas, Texas Bank to Get an SBA Loan

Want to talk with a Dallas, Texas bank about a small business loan? Here's one California business loan, issued by a Dallas bank, that was approved by the SBA.

Applying for an SBA loan with Comerica Bank worked out well for our friends at one local business in Buena Park, California. They received an SBA loan for $700,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: SKILLED NURSING CARE FACILITIES
BUENA PARK, CA 90621

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

When this loan was made, the lender was part of the SBA's Certified Lenders Program (CLP). This program is designed to give speedy service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8051 - Skilled Nursing Care Facilities

Loan Approval Date

1/6/2000

Loan Approval Gross Amount

$700,000

Loan Approval from the SBA

Of the total $700,000 loan amount, the SBA guaranteed $525,000.

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 21 employees. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? 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.

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