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December 19, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Brandon, Business Loans > Trustmark National Bank Brandon Business Loans > Home Health Equipment Rental Loan | ||||
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Getting an SBA Loan in Houston, Texas
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Trustmark National Bank Gives Bank Loan to Home Health Equipment Rental CompanyTexasBank loans are available to Texas firms through the SBA. In this case, a Mississippi bank provides the loan. This small business, based in Houston, Texas, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Trustmark National Bank. We've got the inside scoop on this Texas small business loan. SBA Loan Borrower COMPANY TYPE: HOME HEALTH EQUIPMENT RENTAL SBA Loan Lender TRUSTMARK NATIONAL BANK This lender processed this commercial 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 532291 - Home Health Equipment Rental Loan Approval Date 3/20/2003 Loan Approval Gross Amount $30,500 Loan Approval from the SBA Of the total $30,500 loan amount, the SBA guaranteed $15,250. 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 6 employees. The loan application indicated that the loan would help retain 6 existing jobs. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Trustmark National Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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:
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