Loan Census Banking News and Information
December 19, 2024  
 
 
  Business Loan Information  
 

Banks Doing SBA Loans in Texas

 

 
Loan Census SBA Loan Info

Corpus Christi, Texas Lender Lends Money to Hobby, Toy, And Game Stores Company

Thinking about meeting with a Corpus Christi, Texas bank about an SBA loan? Here's one Texas business loan, issued by a Corpus Christi bank, that was approved by the SBA.

Applying for an SBA loan with First Community Bank worked out well for our friends at one local company in Corpus Christi, Texas. The business was able to get an SBA loan for $16,000. Nice!

SBA Loan Borrower

COMPANY TYPE: HOBBY, TOY, AND GAME STORES
CORPUS CHRISTI, TX 78411

SBA Loan Lender

FIRST COMMUNITY BANK
416 N WATER ST
CORPUS CHRISTI, TX 78401

The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

451120 - Hobby, Toy, and Game Stores

Loan Approval Date

4/3/2007

Loan Approval Gross Amount

$16,000

Loan Approval from the SBA

Of the total $16,000 loan amount, the SBA guaranteed $8,000.

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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

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

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

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

VC Firms on Twitter

Banks in Corpus Christi, Texas

Texas SBA 7A Banks