Santa Fe, Texas Bank Gives SBA Loan to Specialty Trade Contractors Company

A Santa Fe, Texas SBA loan can be yours. Learn how a company got a $386,640 business loan from this Texas bank.

This loan to a local firm is a good example of an SBA loan. Texas First Bank Santa Fe made the loan and the SBA guaranteed a portion of the loan. Many other Texas entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: SPECIALTY TRADE CONTRACTORS
HITCHCOCK, TX 77563

SBA Loan Lender

TEXAS FIRST BANK SANTA FE
12402 HWY 6
SANTA FE, TX 77510

This lender issued this SBA loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238990 - Specialty Trade Contractors

Loan Approval Date

6/5/2007

Loan Approval Gross Amount

$386,640

Loan Approval from the SBA

Of the total $386,640 loan amount, the SBA guaranteed $289,980.

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 26 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 16 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a business in Hitchcock TX, you ought to talk with a local Hitchcock SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hitchcock businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Texas First Bank Santa Fe are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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.

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