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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > College Station, Business Loans > Commerce National Bank College Station Business Loans > Drinking Places Loan | ||||
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Commerce National Bank SBA Loan
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Business Loan from Commerce National Bank Given to Drinking Places CompanyCommerce National Bank has a track record as a leading provider of SBA loans. Find out how this Texas entrepreneur received an SBA loan from them. Getting a small business loan in College Station, Texas was an essential business goal for this firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Commerce National Bank, operating out of College Station, Texas. Here are the details on this Texas small business loan. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender COMMERCE NATIONAL BANK This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722410 - Drinking Places Loan Approval Date 7/3/2002 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $25,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 13 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. We've showcased information on this loan to let you know that businesses like yours 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: Where to Get an SBA Loan in College Station, Texas
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