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December 22, 2024  
 
 
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SBA Lender Humble Texas

 

 
Loan Census SBA Loan Info

Small Business Loans for Physicians

Looking for small business loans for physicians? Talk to a banker who works with the SBA. This $113,000 physicians loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Humble, Texas was able to borrow $113,000 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $96,050 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
HUMBLE, TX 77346

SBA Loan Lender

WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621111 - Physicians

Loan Approval Date

3/10/2006

Loan Approval Gross Amount

$113,000

Loan Approval from the SBA

Of the total $113,000 loan amount, the SBA guaranteed $96,050.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 7 existing jobs.

Next Steps for Getting an SBA Loan

If you are raising money in Humble TX, you ought to talk with a local Humble SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Humble businesses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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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