Transpecos Banks-Iraan SBA Loan to Water Well Drilling Contractors Company

An SBA loan from Transpecos Banks-Iraan typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Iraan, Texas business owner got a $45,000 loan.

This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Transpecos Banks-Iraan, out of Iraan, Texas. The loan was granted and they received $45,000 to help grow their Iraan, Texas business.

SBA Loan Borrower

COMPANY TYPE: WATER WELL DRILLING CONTRACTORS
IRAAN, TX 79781

SBA Loan Lender

TRANSPECOS BANKS-IRAAN
109 W 5TH ST
IRAAN, TX 79744

This lender issued this particular SBA business 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.

NAICS Code

235810 - Water Well Drilling Contractors

Loan Approval Date

9/27/2001

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $38,250.

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 only one employee. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $45,000 loan. Remember, things become real when you believe you can achieve them!

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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