Financing for Meat Markets

With these loans for meat markets, the SBA guarantees the lender that the loan will be repaid. This meat markets loan for $75,000 was given to a Texas entrepreneur in 2002.

Getting a small business loan in Huntsville, Texas was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from First National Bank - Huntsville, operating out of Huntsville, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: MEAT MARKETS
HUNTSVILLE, TX 77340

SBA Loan Lender

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

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445210 - Meat Markets

Loan Approval Date

10/4/2002

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

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 3 employees. The loan application did not indicate that the business promised to use the money to hire new 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 business 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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First National Bank - Huntsville had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First National Bank - Huntsville made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

SBIR Funding

Banks in Huntsville, Texas

Texas SBA 7A Banks