Citizens National Bank - Breckenridg SBA Loan to Heavy Construction Company

Want a Texas SBA loan? Here's one Texas business loan that was approved by the SBA.

This growing firm needed an SBA business loan in Iredell, Texas back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Citizens National Bank - Breckenridg, operating out of Breckenridge, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: HEAVY CONSTRUCTION
IREDELL, TX 76649

SBA Loan Lender

CITIZENS NATIONAL BANK - BRECKENRIDG
301 W WALKER
BRECKENRIDGE, TX 76424

This lender issued this particular debt financing 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

1629 - Heavy Construction

Loan Approval Date

1/12/2000

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $48,000.

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 only one employee. This SBA loan request did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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