Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

Forney, Texas Bank Loan

 

 
Loan Census SBA Loan Info

Commercial Loans for Administrative Management and General Management Consulting Services

Looking for commercial loans for administrative management and general management consulting services? Talk to a banker who works with the SBA. This $200,000 administrative management and general management consulting services loan was issued by a Texas bank.

This small business knew how to go about getting a business bank loan. Based in Forney, Texas, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was City Bank, based in Forney, Texas.

SBA Loan Borrower

COMPANY TYPE: ADMINISTRATIVE MANAGEMENT AND GENERAL MANAGEMENT CONSULTING SERVICES
FORNEY, TX 75126

SBA Loan Lender

CITY BANK
120 E MAIN ST
FORNEY, TX 75126

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541611 - Administrative Management and General Management Consulting Services

Loan Approval Date

3/10/2006

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

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

If you are wondering how to raise money for a business in Forney TX, you ought to talk with a local Forney SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Forney businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like City Bank and they will explain how you can get an SBA loan for your company.

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:

The Art of Bootstrapping

Good Banks for Small Business in Forney, Texas

SBA Lenders in Texas