Jacksonville, Texas Bank Gives SBA Loan to Engineered Wood Member Manufacturing Company

Want to talk with a Jacksonville, Texas bank about a business loan? Here's one Texas business loan, issued by a Jacksonville bank, that was approved by the SBA.

Applying for an SBA loan with Texas National Bank - Jacksonville worked out well for our friends at one local business in Jacksonville, Texas. They received an SBA loan for $150,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: ENGINEERED WOOD MEMBER MANUFACTURING
JACKSONVILLE, TX 75766

SBA Loan Lender

TEXAS NATIONAL BANK - JACKSONVILLE
300 NECHES ST
JACKSONVILLE, TX 75766

This lender issued this particular commercial 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

321213 - Engineered Wood Member Manufacturing

Loan Approval Date

3/4/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 8 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Getting a Small Business Loan

SBA Approved Banks in Jacksonville, Texas

Texas SBA 7A Banks