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December 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Krum, Business Loans > First United Bank & Trust Krum Business Loans > General Automotive Repair Loan | ||||
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SBA Loan from First United Bank & Trust
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SBA Loan from First United Bank & Trust Helps General Automotive Repair CompanyAn SBA loan from First United Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Carrollton, Texas business owner got a $120,000 loan. This growing company knew how to go about getting a business bank loan. Based in Carrollton, Texas, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was First United Bank & Trust, based in Krum, Texas. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SBA Loan Lender FIRST UNITED BANK & TRUST This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811111 - General Automotive Repair Loan Approval Date 9/14/2004 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $102,000. 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 4 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First United Bank & Trust 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. Related Links:
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