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November 21, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Louise, Business Loans > The First State Bank Louise Business Loans > Trucking Loan | ||||
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Louise Bank Loan
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Louise, Texas Lender Lends Money to Trucking CompanyThinking about meeting with a Louise, Texas bank about a small business loan? Here's one Texas business loan, issued by a Louise bank, that was approved by the SBA. Applying for an SBA loan with The First State Bank worked out well for our friends at one local firm in El Campo, Texas. The business was able to get an SBA loan for $58,800. Nice! SBA Loan Borrower COMPANY TYPE: TRUCKING SBA Loan Lender THE FIRST STATE 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. SIC Code 4213 - Trucking NAICS Code 484121 - General Long-Distance Freight Trucking Loan Approval Date 6/21/2000 Loan Approval Gross Amount $58,800 Loan Approval from the SBA Of the total $58,800 loan amount, the SBA guaranteed $47,040. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Realistic Debt Financing Options Small Bank Loans in Louise, Texas
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