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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > El Paso, Business Loans > United Bank - El Paso Del Norte El Paso Business Loans > Physicians Loan | ||||
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How Hard Is It to Get a Small Business Loan in El Paso, Texas?
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Physicians LoansLooking for loans for physicians? An SBA loan may be just what you've been looking for. This $100,000 physicians loan was issued by a Texas bank. This company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with United Bank - El Paso Del Norte, out of El Paso, Texas. The loan was granted and they received $100,000 to help grow their El Paso, Texas business. SBA Loan Borrower COMPANY TYPE: PHYSICIANS SBA Loan Lender UNITED BANK - EL PASO DEL NORTE This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 621111 - Physicians Loan Approval Date 6/6/2007 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 3 new jobs and retain 3 existing jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $100,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 El Paso, Texas
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