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November 21, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Gatesville, Business Loans > National Bank Gatesville Business Loans > Full-Service Restaurants Loan | ||||
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Texas SBA Lenders
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Gatesville, Texas Lender Lends Money to Full-Service Restaurants CompanyGet to know Gatesville, Texas banks that specialize in business loans and know how to work with entrepreneurs. National Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Hewitt, Texas starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from National Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender NATIONAL BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 5/18/2004 Loan Approval Gross Amount $129,600 Loan Approval from the SBA Of the total $129,600 loan amount, the SBA guaranteed $110,160. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 64 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 $129,600 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: SBA Banks in Gatesville, Texas
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