Bank Of America SBA Loan to New Multifamily Housing Construction Company
Bank Of America has a track record as a leading provider of SBA loans. Find out how this Texas entrepreneur received an SBA loan from them.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cypress, Texas was able to borrow $23,000 from Bank Of America. The SBA made the loan possible by guaranteeing $11,500 of this Texas small business loan.
SBA Loan Borrower
COMPANY TYPE: NEW MULTIFAMILY HOUSING CONSTRUCTION
CYPRESS, TX 77433
SBA Loan Lender
BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255
This SBA small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
236116 - New Multifamily Housing Construction
Loan Approval Date
7/28/2006
Loan Approval Gross Amount
$23,000
Loan Approval from the SBA
Of the total $23,000 loan amount, the SBA guaranteed $11,500.
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 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs.
Start the Process for Getting an SBA Loan Today!
If you are working on finding money to start a business in Cypress TX, you ought to talk with a local Cypress SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cypress businesses.
We've showcased information on this loan to let you know that businesses like yours 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:
Banking Deregulation's Effects on Entrepreneurship
Best Banks in Charlotte, North Carolina
SBA Lenders in North Carolina