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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Lawton, Business Loans > Liberty National Bank Lawton Business Loans > Support Activities For Air Transportation Loan | ||||
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How to Get a Small Business Loan in Dallas, Texas
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Firm Gets a Texas Small Business LoanSmall business loans in Texas are hard to find these days. We take a look at one Texas small business loan, provided by an Oklahoma bank, that was approved by the SBA. You can learn something about getting a small business loan in Dallas, Texas by studying this loan to a local company, made back in 2002. Banks like Liberty National Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: SUPPORT ACTIVITIES FOR AIR TRANSPORTATION SBA Loan Lender LIBERTY NATIONAL BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 488190 - Support Activities for Air Transportation Loan Approval Date 7/23/2002 Loan Approval Gross Amount $29,700 Loan Approval from the SBA Of the total $29,700 loan amount, the SBA guaranteed $25,245. More Information on This SBA Loan The borrower borrowed this money for an existing 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 documents did not indicate that the company planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Advice on Getting a Small Business Loan Best Lawton, Oklahoma Banks for Small Business
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