How to Get a Loan for Sports Teams and Clubs

Looking for commercial loans for sports teams and clubs? Try the SBA. This $1,464,000 sports teams and clubs loan was issued by a Texas bank.

Getting a small business loan in Grand Prairie, Texas was important for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Woodforest National Bank, operating out of The Woodlands, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: PROFESSIONAL SPORTS CLUBS AND PROMOTERS
GRAND PRAIRIE, TX 75052

SBA Loan Lender

WOODFOREST NATIONAL BANK
7 SWITCHBUD PL, STE 198 C
THE WOODLANDS, TX 77380

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

7941 - Professional Sports Clubs and Promoters

NAICS Code

711211 - Sports Teams and Clubs

Loan Approval Date

5/21/2003

Loan Approval Gross Amount

$1,464,000

Loan Approval from the SBA

Of the total $1,464,000 loan amount, the SBA guaranteed $999,999.

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 7 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a small business or need money to grow a business, an SBA loan can be a great way to raise money

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Woodforest National Bank and they will explain how you can get an SBA loan for your company.

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:

Accountant's Role in Securing Financing

Find an SBA Lender in The Woodlands, Texas

Texas SBA 7A Lenders