Corpus Christi, Texas Business Gets SBA-Guaranteed Funding from Amer Bank

An SBA loan from Amer Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Corpus Christi, Texas business owner got a $100,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Corpus Christi, Texas, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Amer Bank, based in Corpus Christi, Texas.

SBA Loan Borrower

COMPANY TYPE: REFRIGERATION AND AIR-CONDITIONING SERVICE
CORPUS CHRISTI, TX 78401

SBA Loan Lender

AMER BANK
711 N CARANCAHUA
CORPUS CHRISTI, TX 78411

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with appliying for an SBA loan . 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.

SIC Code

7623 - Refrigeration and Air-Conditioning Service

Loan Approval Date

4/10/2000

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $80,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

While you may be able to borrow money from friends and family, 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:

Business Incubators

SBA Banks in Corpus Christi, Texas

Texas SBA Banks