Entrepreneur Works With Winters, Texas Bank to Get an SBA Loan
Thinking about meeting with a Winters, Texas bank about a small business loan? Here's one Texas business loan, issued by a Winters bank, that was approved by the SBA.
Applying for an SBA loan with The Security State Bank worked out well for our friends at one local business in Buffalo Gap, Texas. The business was able to get an SBA loan for $7,500. Great job!
SBA Loan Borrower
COMPANY TYPE: AUTOMATIC VENDING MACHINE MANUFACTURING
BUFFALO GAP, TX 79508
SBA Loan Lender
THE SECURITY STATE BANK
700 S MAIN STREET
WINTERS, TX 79566
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
333311 - Automatic Vending Machine Manufacturing
Loan Approval Date
3/3/2004
Loan Approval Gross Amount
$7,500
Loan Approval from the SBA
Of the total $7,500 loan amount, the SBA guaranteed $6,375.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 6 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
If you are working on finding money to start a business in Buffalo Gap TX, you ought to talk with a local Buffalo Gap SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Buffalo Gap businesses.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $7,500 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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:
Financing Your Business
Best Banks in Winters, Texas
SBA Lenders in Texas