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November 14, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Temecula, Business Loans > Temecula Valley Bank Temecula Business Loans > Drycleaning And Laundry Services Loan | ||||
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How to Get an SBA 7A Loan in Dallas, Texas
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Dallas, Texas Entrepreneur Gets a Business LoanLooking to get a Texas small business loan? This Texas entrepreneur got a small business loan, provided by a California bank that works with the SBA to help small business owners. By giving the right information to Temecula Valley Bank, this Dallas, Texas business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: DRYCLEANING AND LAUNDRY SERVICES SBA Loan Lender TEMECULA VALLEY BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812320 - Drycleaning and Laundry Services Loan Approval Date 11/16/2005 Loan Approval Gross Amount $1,585,000 Loan Approval from the SBA Of the total $1,585,000 loan amount, the SBA guaranteed $1,188,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 8 existing jobs. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. We can help you find the best banks for small businesses in Dallas or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Good Banks for Small Business in Temecula, California
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