Gonzales, Texas Bank Gives SBA Loan to Electrical Contractors Company
A Gonzales, Texas small business loan can be yours. Learn how a company got a $41,200 business loan from this Texas bank.
This loan to an entrepreneur is a good example of an SBA loan. American National Bank made the loan and the SBA guaranteed a portion of the loan. Many other Texas entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.
SBA Loan Borrower
COMPANY TYPE: ELECTRICAL CONTRACTORS
COST, TX 78614
SBA Loan Lender
AMERICAN NATIONAL BANK
1606 N SARAH DEWITT DR
GONZALES, TX 78629
This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
235310 - Electrical Contractors
Loan Approval Date
3/19/2002
Loan Approval Gross Amount
$41,200
Loan Approval from the SBA
Of the total $41,200 loan amount, the SBA guaranteed $35,020.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 3 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans provide smart, affordable business financing for small businesses looking to expand.
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:
Accountant's Role in Securing Financing
SBA 7A Banks for Gonzales, Texas Loans
Texas SBA Banks