Entrepreneur Works With El Campo, Texas Bank to Get an SBA Loan

An El Campo, Texas business loan can be yours. Learn how a business got a $195,100 business loan from this Texas bank.

This loan to a local firm is a good example of an SBA loan. Commercial State Bank made the loan and the SBA guaranteed a portion of the loan. Many other Texas entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: METAL DOORS, SASH, FRAMES, MOLDING, AND TRIM
EL CAMPO, TX 77437

SBA Loan Lender

COMMERCIAL STATE BANK
401 N MECHANIC ST
EL CAMPO, TX 77437

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide small business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3442 - Metal Doors, Sash, Frames, Molding, and Trim

NAICS Code

236118 - Residential Remodelers

Loan Approval Date

9/26/2003

Loan Approval Gross Amount

$195,100

Loan Approval from the SBA

Of the total $195,100 loan amount, the SBA guaranteed $146,325.

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 6 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to borrow money from friends and family, 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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