Business Loan from First National Bank Albany/breckenri Given to General Merchandise Stores Company

An SBA loan from First National Bank Albany/breckenri typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Gordon, Texas business owner got a $42,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Gordon, Texas was able to borrow $42,000 from First National Bank Albany/breckenri. The SBA made the loan possible by guaranteeing $35,700 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: GENERAL MERCHANDISE STORES
GORDON, TX 76453

SBA Loan Lender

FIRST NATIONAL BANK ALBANY/BRECKENRI
LAMAR ST
GORDON, TX 76453

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

452990 - General Merchandise Stores

Loan Approval Date

11/1/2002

Loan Approval Gross Amount

$42,000

Loan Approval from the SBA

Of the total $42,000 loan amount, the SBA guaranteed $35,700.

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 4 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $42,000 loan. Remember, if it to be, it is up to me!

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.

Where to Get an SBA Loan in Gordon, Texas

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