Financing for Used Merchandise Stores

Looking for commercial loans for used merchandise stores? An SBA loan may be just what you've been looking for. This $50,000 used merchandise stores loan was issued by a Texas bank.

Getting a small business loan in Corpus Christi, Texas was important for this business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Amer Bank, operating out of Corpus Christi, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: USED MERCHANDISE STORES
CORPUS CHRISTI, TX 78412

SBA Loan Lender

AMER BANK
4145 S ALAMEDA
CORPUS CHRISTI, TX 78411

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

453310 - Used Merchandise Stores

Loan Approval Date

3/12/2002

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 only one employee. The loan application did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great funding source

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Realistic Debt Financing Options

SBA Approved Banks in Corpus Christi, Texas

Where to Get an SBA Loan Texas