Loan Census Banking News and Information
November 15, 2024  
 
 
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Idalou, Texas SBA Lenders

 

 
Loan Census SBA Loan Info

Idalou, Texas Bank Gives SBA Loan to Crop Planting, Cultivating, And Protecting Company

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

Applying for an SBA loan with Security Bank worked out well for our friends at one local firm in Idalou, Texas. They got an SBA loan for $145,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: CROP PLANTING, CULTIVATING, AND PROTECTING
IDALOU, TX 79329

SBA Loan Lender

SECURITY BANK
302 MAIN ST
IDALOU, TX 79329

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0721 - Crop Planting, Cultivating, and Protecting

NAICS Code

115112 - Soil Preparation, Planting, and Cultivating

Loan Approval Date

5/19/2003

Loan Approval Gross Amount

$145,000

Loan Approval from the SBA

Of the total $145,000 loan amount, the SBA guaranteed $108,750.

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 2 employees. This SBA loan request did not indicate that the company promised to use the money 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.

This SBA loan was for $145,000. How would you spend $145,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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SBA Approved Banks in Idalou, Texas

Texas SBA Banks