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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Burleson, Business Loans > First National Bank - Burleson Burleson Business Loans > Electronic And Precision Equipment Repair And Maintenance Loan | ||||
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Texas Bank SBA Loans
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Burleson, Texas Bank Lends Money to Electronic And Precision Equipment Repair And Maintenance Company in Keene, TexasA Burleson, Texas SBA loan can be yours. Learn how a business got a $120,000 business loan from this Texas bank. This loan to a local firm is a good example of an SBA loan. First National Bank - Burleson 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: ELECTRONIC AND PRECISION EQUIPMENT REPAIR AND MAINTENANCE SBA Loan Lender FIRST NATIONAL BANK - BURLESON This lender issued this particular 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 811219 - Electronic and Precision Equipment Repair and Maintenance Loan Approval Date 4/15/2004 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $102,000. 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 3 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from First National Bank - Burleson so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 - Getting Venture Capital Where to Get an SBA Loan in Burleson, Texas
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