Waxahachie, Texas Bank Lends Money to Funeral Service And Crematories Company in Hubbard, Texas

Thinking about meeting with a Waxahachie, Texas bank about an SBA loan? Here's one Texas business loan, issued by a Waxahachie bank, that was approved by the SBA.

Applying for an SBA loan with Citizens National Bank - Texas worked out well for our friends at one local firm in Hubbard, Texas. They received an SBA loan for $1,247,880. Awesome!

SBA Loan Borrower

COMPANY TYPE: FUNERAL SERVICE AND CREMATORIES
HUBBARD, TX 76648

SBA Loan Lender

CITIZENS NATIONAL BANK - TEXAS
200 N ELM ST
WAXAHACHIE, TX 75165

This lender issued this loan for a small business under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 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

7261 - Funeral Service and Crematories

NAICS Code

812210 - Funeral Homes and Funeral Services

Loan Approval Date

6/12/2002

Loan Approval Gross Amount

$1,247,880

Loan Approval from the SBA

Of the total $1,247,880 loan amount, the SBA guaranteed $935,910.

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 9 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Citizens National Bank - Texas 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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SBA 7A Banks for Waxahachie, Texas Loans

Texas SBA 7A Lenders