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December 18, 2024  
 
 
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Entrepreneur Works With Irving, Texas Bank to Get an SBA Loan

Thinking about meeting with an Irving, Texas bank about a business loan? Here's one Texas business loan, issued by an Irving bank, that was approved by the SBA.

Applying for an SBA loan with Amresco Sba Holdings, Inc. worked out well for our friends at one local firm in Grand Prairie, Texas. The business was able to get an SBA loan for $1,062,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: CONVENIENCE STORES
GRAND PRAIRIE, TX 75051

SBA Loan Lender

AMRESCO SBA HOLDINGS, INC.
5221 N. O'CONNOR BLVD, SUITE
IRVING, TX 75039

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445120 - Convenience Stores

Loan Approval Date

12/21/2000

Loan Approval Gross Amount

$1,062,000

Loan Approval from the SBA

Of the total $1,062,000 loan amount, the SBA guaranteed $749,995.

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 loan application indicated that the loan would help retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

While you may be able to find business people willing to loan money, 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.

Related Links:

Advice on Getting a Small Business Loan

SBA Approved Banks in Irving, Texas

SBA Texas Banks