Financing for Surveying and Mapping Services

Looking for commercial loans for surveying and mapping services? An SBA loan may be just what you've been looking for. This $150,000 surveying and mapping services loan was issued by a Texas bank.

Getting a small business loan in Denton, Texas was important for this business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from First United Bank & Trust, operating out of Denton, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: SURVEYING AND MAPPING SERVICES
DENTON, TX 76201

SBA Loan Lender

FIRST UNITED BANK & TRUST
416 W UNIVERSITY DR
DENTON, TX 76201

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541370 - Surveying and Mapping Services

Loan Approval Date

10/10/2003

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 12 employees. This SBA loan request did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Remember, you 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.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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