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November 21, 2024  
 
 
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How to Get an SBA Loan from State National Bank

 

 
Loan Census SBA Loan Info

Canutillo, Texas Business Gets SBA-Guaranteed Funding from State National Bank

State National Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Texas entrepreneur who tapped into the power of SBA loans.

Getting a small business loan in Canutillo, Texas was an essential business goal for this firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from State National Bank, operating out of Fort Worth, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: PROFESSIONAL, SCIENTIFIC, AND TECHNICAL SERVICES
CANUTILLO, TX 79835

SBA Loan Lender

STATE NATIONAL BANK
4500 MERCANTILE PLZA, STE 300
FORT WORTH, TX 76137

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

541990 - Professional, Scientific, and Technical Services

Loan Approval Date

8/15/2003

Loan Approval Gross Amount

$566,170

Loan Approval from the SBA

Of the total $566,170 loan amount, the SBA guaranteed $424,627.

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 16 employees. This SBA loan request indicated that the loan would help generate 21 new jobs and retain 16 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Canutillo TX, you ought to talk with a local Canutillo SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Canutillo businesses.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Startup Funding Tip

SBA Approved Banks in Fort Worth, Texas

SBA Participating Banks in Texas