Benbrook, Texas Bank Lends Money to Sound Recording Studios Company in Fort Worth, Texas

A Benbrook, Texas SBA loan can be yours. Learn how one firm got a $13,500 business loan from this Texas bank.

This loan to an entrepreneur is a good example of an SBA loan. State National Bank made the loan and the SBA guaranteed a portion of the loan. Many other Texas entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: SOUND RECORDING STUDIOS
FORT WORTH, TX 76109

SBA Loan Lender

STATE NATIONAL BANK
9100 BENBROOK BLVD
BENBROOK, TX 76126

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

512240 - Sound Recording Studios

Loan Approval Date

12/11/2002

Loan Approval Gross Amount

$13,500

Loan Approval from the SBA

Of the total $13,500 loan amount, the SBA guaranteed $11,475.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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