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November 15, 2024  
 
 
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Entrepreneur Works With Highland Village, Texas Bank to Get an SBA Loan

Thinking about meeting with a Highland Village, Texas bank about a small business loan? Here's one Texas business loan, issued by a Highland Village bank, that was approved by the SBA.

Applying for an SBA loan with United Community Bank worked out well for our friends at one local firm in Colleyville, Texas. The business was able to get an SBA loan for $215,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: INFORMATION RETRIEVAL SERVICES
COLLEYVILLE, TX 76034

SBA Loan Lender

UNITED COMMUNITY BANK
2100 FM 407
HIGHLAND VILLAGE, TX 75077

This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7375 - Information Retrieval Services

NAICS Code

518112 -

Loan Approval Date

9/5/2003

Loan Approval Gross Amount

$215,000

Loan Approval from the SBA

Of the total $215,000 loan amount, the SBA guaranteed $161,250.

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 only one employee. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

We can help you find the best banks for small businesses in Colleyville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Investor Turnoffs

SBA 7A Lenders in Highland Village, Texas

Texas SBA 7A Banks