Where to Get Capital for Sporting Goods Stores

Looking for SBA loans for sporting goods stores? An SBA loan may be just what you've been looking for. This $60,000 sporting goods stores loan was issued by a Texas bank.

Getting a small business loan in College Station, Texas was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Franklin Bank S.S.B., operating out of Bryan, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: SPORTING GOODS STORES
COLLEGE STATION, TX 77840

SBA Loan Lender

FRANKLIN BANK S.S.B.
2807 S TEXAS AVE
BRYAN, TX 77802

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

7/25/2005

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. The SBA loan documents did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you want money for new small business in College Station TX, you ought to talk with a local College Station SBA lender or talk with an out-of-area SBA lender that has previously loaned money to College Station businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Franklin Bank S.S.B. had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Franklin Bank S.S.B. made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Obtaining Funding - How to Decide How Much to Raise

Small Bank Loans in Bryan, Texas

Getting an SBA Loan in Texas