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November 21, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Fort Worth, Business Loans > Riverbend Bank Fort Worth Business Loans > Computer Related Services Loan | ||||
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Texas SBA Lenders
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Fort Worth, Texas Bank Gives SBA Loan to Computer Related Services CompanyThinking about meeting with a Fort Worth, Texas bank about an SBA loan? Here's one Texas business loan, issued by a Fort Worth bank, that was approved by the SBA. Applying for an SBA loan with Riverbend Bank worked out well for our friends at one local firm in Fort Worth, Texas. They got an SBA loan for $148,500. Great job! SBA Loan Borrower COMPANY TYPE: COMPUTER RELATED SERVICES SBA Loan Lender RIVERBEND BANK This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541519 - Computer Related Services Loan Approval Date 7/15/2003 Loan Approval Gross Amount $148,500 Loan Approval from the SBA Of the total $148,500 loan amount, the SBA guaranteed $126,225. 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 11 employees. The SBA loan documents did not indicate that the business promised to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Riverbend Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Obtaining Funding From a Venture Capitalist Best Fort Worth, Texas Banks for Small Business
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