Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Tips for Entrepreneurs On Getting a Loan

 

 
Loan Census SBA Loan Info

Commercial Loans for Personal Care Services

With these commercial loans for personal care services, the SBA guarantees the lender that the loan will be repaid. This personal care services loan for $116,800 was given to a Texas entrepreneur in 2004.

This business knew how to go about getting a business bank loan. Based in Flower Mound, Texas, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Bank Of The West, based in Grapevine, Texas.

SBA Loan Borrower

COMPANY TYPE: PERSONAL CARE SERVICES
FLOWER MOUND, TX 75028

SBA Loan Lender

BANK OF THE WEST
108 W NORTHWEST HWY
GRAPEVINE, TX 76051

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812199 - Personal Care Services

Loan Approval Date

1/2/2004

Loan Approval Gross Amount

$116,800

Loan Approval from the SBA

Of the total $116,800 loan amount, the SBA guaranteed $99,280.

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 4 employees. The SBA loan documents indicated that the funding would help generate 4 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This SBA loan was for $116,800. How would you spend $116,800 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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 Loan

SBA 7A Banks for Grapevine, Texas Loans

Texas SBA Banks