Friendswood, Texas Lender Lends Money to Drycleaning Plants Company

Get to know Friendswood, Texas banks that specialize in SBA loans and know how to work with entrepreneurs. Texas First Bank Santa Fe is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Friendswood, Texas starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Texas First Bank Santa Fe. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: DRYCLEANING PLANTS
FRIENDSWOOD, TX 77546

SBA Loan Lender

TEXAS FIRST BANK SANTA FE
111 W PARKWOOD
FRIENDSWOOD, TX 77546

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7216 - Drycleaning Plants

NAICS Code

812320 - Drycleaning and Laundry Services

Loan Approval Date

2/3/2004

Loan Approval Gross Amount

$402,800

Loan Approval from the SBA

Of the total $402,800 loan amount, the SBA guaranteed $302,100.

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. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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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