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November 24, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Fort Worth, Business Loans > Southwest Bank Fort Worth Business Loans > Facilities Support Services Loan | ||||
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Grapevine, Texas Bank for SBA Loans
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Firm Gets a Texas SBA LoanTexasSmall business loans are available to Texas small business owners through the SBA. In this case, a Texas bank provides the loan. By giving the right information to Southwest Bank, this Grapevine, Texas business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: FACILITIES SUPPORT SERVICES SBA Loan Lender SOUTHWEST BANK This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 561210 - Facilities Support Services Loan Approval Date 7/27/2006 Loan Approval Gross Amount $199,500 Loan Approval from the SBA Of the total $199,500 loan amount, the SBA guaranteed $99,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 55 employees. The loan application indicated that the loan would help generate 20 new jobs and retain 55 existing jobs. Getting an SBA Loan For Your Business If you are wondering how to raise money for a business in Grapevine TX, you ought to talk with a local Grapevine SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Grapevine businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $199,500 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Microlending as a Small Business Funding Source SBA 7A Banks in Fort Worth, Texas
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