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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Denton, Business Loans > Northstar Bank Of Texas Denton Business Loans > Home Furnishings Stores Loan | ||||
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Denton, Texas Bank Loan
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Commercial Loans for Home Furnishings StoresLooking for commercial loans for home furnishings stores? Try the SBA. This $150,000 home furnishings stores loan was issued by a Texas bank. This business knew how to go about getting a business bank loan. Based in Denton, Texas, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Northstar Bank Of Texas, based in Denton, Texas. SBA Loan Borrower COMPANY TYPE: HOME FURNISHINGS STORES SBA Loan Lender NORTHSTAR BANK OF TEXAS This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442299 - Home Furnishings Stores Loan Approval Date 4/15/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 3 employees. The SBA loan documents did not indicate that the business promised to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. This SBA loan was for $150,000. How would you spend $150,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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:
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