Home Health Care Services Commercial Loans
With these commercial loans for home health care services, the SBA guarantees the lender that the loan will be repaid. This home health care services loan for $750,000 was given to a Texas entrepreneur in 2005.
This business knew how to go about getting a business bank loan. Based in Burleson, Texas, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Millennium State Bank Of Texas, based in Dallas, Texas.
SBA Loan Borrower
COMPANY TYPE: HOME HEALTH CARE SERVICES
BURLESON, TX 76028
SBA Loan Lender
MILLENNIUM STATE BANK OF TEXAS
11950 WEBB CHAPEL RD
DALLAS, TX 75234
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621610 - Home Health Care Services
Loan Approval Date
5/27/2005
Loan Approval Gross Amount
$750,000
Loan Approval from the SBA
Of the total $750,000 loan amount, the SBA guaranteed $562,500.
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 17 employees. The SBA loan application for the borrower indicated that the loan would help generate 17 new jobs and retain 17 existing jobs.
Start the Process for Getting an SBA Loan Today!
If you are wondering how to raise money for a business in Burleson TX, you ought to talk with a local Burleson SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Burleson businesses.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Millennium State Bank Of Texas 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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SBA 7A Banks for Dallas, Texas Loans
Getting an SBA Loan in Texas