SBA Loan from The First Bank Of Celeste Helps Chiropractors Company

An SBA loan from The First Bank Of Celeste typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Commerce, Texas business owner got a $87,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Commerce, Texas was able to borrow $87,000 from The First Bank Of Celeste. The SBA made the loan possible by guaranteeing $73,950 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
COMMERCE, TX 75428

SBA Loan Lender

THE FIRST BANK OF CELESTE
301 N HWY 69
CELESTE, TX 75423

This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with borrowing money. The low-doc program involves 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

621310 - Chiropractors

Loan Approval Date

7/30/2002

Loan Approval Gross Amount

$87,000

Loan Approval from the SBA

Of the total $87,000 loan amount, the SBA guaranteed $73,950.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. 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 funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from The First Bank Of Celeste so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Business Cash Advances

SBA Approved Banks in Celeste, Texas

Getting an SBA Loan in Texas