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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Weslaco, Business Loans > Texas State Bank Weslaco Business Loans > Display Advertising Loan | ||||
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Raising Money in Edinburg, Texas With SBA Loans
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Display Advertising LoansWith these loans for display advertising, the SBA guarantees the lender that the loan will be repaid. This display advertising loan for $98,000 was given to a Texas entrepreneur in 2003. This company knew how to go about getting a business bank loan. Based in Edinburg, Texas, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Texas State Bank, based in Weslaco, Texas. SBA Loan Borrower COMPANY TYPE: DISPLAY ADVERTISING SBA Loan Lender TEXAS STATE BANK This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541850 - Display Advertising Loan Approval Date 2/14/2003 Loan Approval Gross Amount $98,000 Loan Approval from the SBA Of the total $98,000 loan amount, the SBA guaranteed $83,300. More Information on This SBA Loan The borrower borrowed this money for a new 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 2 employees. The loan application did not indicate that the company promised to use the loan proceeds 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. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Small Business Banks in Weslaco, Texas
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