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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Houston, Business Loans > Amegy Bank Houston Business Loans > General Warehousing And Storage Loan | ||||
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Banks in Houston, Texas That Make SBA Loans
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Entrepreneur Works With Houston, Texas Bank to Get an SBA LoanA Houston, Texas SBA loan can be yours. Learn how a business got a $150,000 business loan from this Texas bank. This loan to a local firm is a good example of an SBA loan. Amegy Bank 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: GENERAL WAREHOUSING AND STORAGE SBA Loan Lender AMEGY BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 493110 - General Warehousing and Storage Loan Approval Date 10/25/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 only one employee. The loan application indicated that the loan would help create 6 new jobs. Great, But How Can I Get an SBA Loan for My Business? If you are raising money in Houston TX, you ought to talk with a local Houston SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Houston businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Amegy Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Amegy Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Borrowing Money from Friends and Family SBA Approved Banks in Houston, Texas
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