Fort Stockton, Texas Business Gets SBA-Guaranteed Funding from Pecos County State Bank

Pecos County State Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Texas entrepreneur was able to get a loan to take a small business to the next level.

Getting a small business loan in Fort Stockton, Texas was an essential business goal for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Pecos County State Bank, operating out of Fort Stockton, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
FORT STOCKTON, TX 79735

SBA Loan Lender

PECOS COUNTY STATE BANK
500 N MAIN
FORT STOCKTON, TX 79735

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.

NAICS Code

442110 - Furniture Stores

Loan Approval Date

4/5/2001

Loan Approval Gross Amount

$115,000

Loan Approval from the SBA

Of the total $115,000 loan amount, the SBA guaranteed $97,750.

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 3 employees. This SBA loan request did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Pecos County State Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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