Financing for General Merchandise Stores

Looking for loans for general merchandise stores? Talk to a banker who works with the SBA. This $76,100 general merchandise stores loan was issued by a Texas bank.

Getting a small business loan in Italy, Texas was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Prosperity Bank, operating out of Corsicana, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: VARIETY STORES
ITALY, TX 76651

SBA Loan Lender

PROSPERITY BANK
100 S MAIN
CORSICANA, TX 75110

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5331 - Variety Stores

NAICS Code

452990 - General Merchandise Stores

Loan Approval Date

1/15/2003

Loan Approval Gross Amount

$76,100

Loan Approval from the SBA

Of the total $76,100 loan amount, the SBA guaranteed $64,685.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Prosperity Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Obtaining Funding - Friends and Family

Who Lends Money to Small Businesses in Corsicana, Texas

Getting a Business Loan in Texas