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December 22, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Colorado City, Business Loans > City National Bank - Colorado City Colorado City Business Loans > Dill Electronics Loan | ||||
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Business Loans for Colorado City Small Business Owners
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Texas Entrepreneur Secures Financing to Buy Radio Shack FranchiseNeed a loan to invest in a Radio Shack franchise? City National Bank - Colorado City has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Radio Shack franchise? If so, here's a 2001 SBA franchise loan that you should know about. City National Bank - Colorado City was the lender and the entrepreneur was based in Colorado City, Texas. SBA Loan Borrower DILL ELECTRONICS SBA Loan Lender CITY NATIONAL BANK - COLORADO CITY This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 443112 - Radio, Television, and Electronics Stores Loan Approval Date 6/22/2001 Loan Approval Gross Amount $85,000 Loan Approval from the SBA Of the total $85,000 loan amount, the SBA guaranteed $72,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Radio Shack franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the company planned to use the money to increase staffing levels 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 Colorado City TX, you ought to talk with a local Colorado City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Colorado City businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into City National Bank - Colorado City and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Small Bank Loans in Colorado City, Texas SBA Participating Banks in Texas
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