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December 19, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Sherman, Business Loans > American Bank Of Texas Sherman Business Loans > Convenience Stores Loan | ||||
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Gordonville, Texas Bank Loan
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Getting an SBA Loan for Convenience StoresWith these commercial loans for convenience stores, the SBA guarantees the lender that the loan will be repaid. This convenience stores loan for $205,000 was given to a Texas entrepreneur in 2004. This business knew how to go about getting a business bank loan. Based in Gordonville, Texas, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was American Bank Of Texas, based in Sherman, Texas. SBA Loan Borrower COMPANY TYPE: CONVENIENCE STORES SBA Loan Lender AMERICAN BANK OF TEXAS This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445120 - Convenience Stores Loan Approval Date 12/15/2004 Loan Approval Gross Amount $205,000 Loan Approval from the SBA Of the total $205,000 loan amount, the SBA guaranteed $153,750. 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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in Gordonville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: How Much Venture Capital Is There? Good Banks for Small Business in Sherman, Texas
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