Dallas, Texas Business Gets SBA-Guaranteed Funding from Amer Business Lending Inc.
An SBA loan from Amer Business Lending Inc. typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Dallas, Texas business owner got a $1,381,800 loan.
Getting a small business loan in Dallas, Texas was an essential business goal for this small business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Amer Business Lending Inc., operating out of Dallas, Texas. Here are the details on this Texas small business loan.
SBA Loan Borrower
COMPANY TYPE: GASOLINE SERVICE STATIONS
DALLAS, TX 75211
SBA Loan Lender
AMER BUSINESS LENDING INC.
1420 W. MOCKINGBIRD LANE, SUI
DALLAS, TX 75247
This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5541 - Gasoline Service Stations
Loan Approval Date
5/17/2000
Loan Approval Gross Amount
$1,381,800
Loan Approval from the SBA
Of the total $1,381,800 loan amount, the SBA guaranteed $749,999.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had only one employee. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 4 existing jobs.
Getting an SBA Loan For Your Business
Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Amer Business Lending Inc. so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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.
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