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November 26, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Houston, Business Loans > Independence Bank Houston Business Loans > Testing Laboratories Loan | ||||
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Texas Bank SBA Loans
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Independence Bank SBA Loan to Testing Laboratories CompanyWant a Texas SBA loan? Here's one Texas business loan that was approved by the SBA. This up and coming company knew how to go about getting a business bank loan. Based in Houston, Texas, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Independence Bank, based in Houston, Texas. SBA Loan Borrower COMPANY TYPE: TESTING LABORATORIES SBA Loan Lender INDEPENDENCE BANK This lender issued this SBA loan under the 7A SBA 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. SIC Code 8734 - Testing Laboratories NAICS Code Loan Approval Date 3/3/2000 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $300,000. 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 9 employees. This SBA loan request did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $400,000 loan. Remember, where there is a will, there is a way! 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: Obtaining Funding - How to Borrow Money Good Banks for Small Business in Houston, Texas
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