Entrepreneur Works With Houston, Texas Bank to Get an SBA Loan

A Houston, Texas business loan can be yours. Learn how one firm got a $1,670,000 business loan from this Texas bank.

This loan to an entrepreneur is a good example of an SBA loan. Sterling Bancshares, Inc. made the loan and the SBA guaranteed a portion of the loan. Many other Texas entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: AMUSEMENT AND RECREATION INDUSTRIES
KATY, TX 77450

SBA Loan Lender

STERLING BANCSHARES, INC.
2550 N LOOP WEST
HOUSTON, TX 77092

When this loan was made, the lender was part of the SBA's Certified Lenders Program (CLP). This program was created to give expeditious service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713990 - Amusement and Recreation Industries

Loan Approval Date

12/4/2006

Loan Approval Gross Amount

$1,670,000

Loan Approval from the SBA

Of the total $1,670,000 loan amount, the SBA guaranteed $718,100.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you want money for new small business in Katy TX, you ought to talk with a local Katy SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Katy businesses.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? 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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