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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Cabot, Business Loans > Community Bank Cabot Business Loans > Lawyers Loan | ||||
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SBA Lender Cabot
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Cabot, Arkansas Bank Gives SBA Loan to Lawyers CompanyWant to talk with a Cabot, Arkansas bank about a business loan? Here's one Texas business loan, issued by a Cabot bank, that was approved by the SBA. Applying for an SBA loan with Community Bank worked out well for our friends at one local business in Burleson, Texas. They got an SBA loan for $150,000. Great job! SBA Loan Borrower COMPANY TYPE: LAWYERS SBA Loan Lender COMMUNITY BANK The lender provided this small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 541110 - Lawyers Loan Approval Date 5/25/2006 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. 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 6 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 6 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. 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. Related Links: Role of Business Plan When Raising Money SBA 7A Banks in Cabot, Arkansas
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