Business Loan from First National Bank - Huntsville Given to Industrial And Commercial Machinery And Equipment Company

First National Bank - Huntsville has a track record as a leading provider of SBA loans. Find out how this Texas entrepreneur received an SBA loan from them.

This small firm knew how to go about getting a business bank loan. Based in Huntsville, Texas, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was First National Bank - Huntsville, based in Huntsville, Texas.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL AND COMMERCIAL MACHINERY AND EQUIPMENT
HUNTSVILLE, TX 77340

SBA Loan Lender

FIRST NATIONAL BANK - HUNTSVILLE
1300 11TH ST
HUNTSVILLE, TX 77340

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3599 - Industrial and Commercial Machinery and Equipment

Loan Approval Date

6/22/2000

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $40,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Huntsville TX, you ought to talk with a local Huntsville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Huntsville businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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