Colleges, Universities, and Professional Schools Commercial Loans

Looking for commercial loans for colleges, universities, and professional schools? An SBA loan may be just what you've been looking for. This $77,760 colleges, universities, and professional schools loan was issued by a Texas bank.

This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Independent Bank Of Texas, out of Irving, Texas. The loan was granted and they received $77,760 to help grow their Irving, Texas business.

SBA Loan Borrower

COMPANY TYPE: COLLEGES, UNIVERSITIES, AND PROFESSIONAL SCHOOLS
IRVING, TX 75062

SBA Loan Lender

INDEPENDENT BANK OF TEXAS
4300 N BELTLINE RD
IRVING, TX 75038

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611310 - Colleges, Universities, and Professional Schools

Loan Approval Date

3/15/2005

Loan Approval Gross Amount

$77,760

Loan Approval from the SBA

Of the total $77,760 loan amount, the SBA guaranteed $66,096.

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 company planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Independent Bank Of Texas and they will explain how you can get an SBA loan for your company.

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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