Get an SBA Loan for Single Family Housing Construction

Looking for small business loans for single family housing construction? An SBA loan may be just what you've been looking for. This $548,000 single family housing construction loan was issued by a Texas bank.

Getting a small business loan in Conroe, Texas was important for this growing firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Midsouth Bank-Texas, operating out of Beaumont, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: SINGLE-FAMILY HOUSING CONSTRUCTION
CONROE, TX 77301

SBA Loan Lender

MIDSOUTH BANK-TEXAS
555 N DOWLEN RD
BEAUMONT, TX 77706

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

1521 - Single-Family Housing Construction

NAICS Code

233210 - Single Family Housing Construction

Loan Approval Date

9/25/2002

Loan Approval Gross Amount

$548,000

Loan Approval from the SBA

Of the total $548,000 loan amount, the SBA guaranteed $411,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 8 employees. The loan application did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $548,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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.

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