Financing for Support Activities for Oil and Gas Operations

With these commercial loans for support activities for oil and gas operations, the SBA guarantees the lender that the loan will be repaid. This support activities for oil and gas operations loan for $100,000 was given to a Texas entrepreneur in 2000.

This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with West Texas National Bank, out of Kermit, Texas. The loan was granted and they received $100,000 to help grow their Kermit, Texas business.

SBA Loan Borrower

COMPANY TYPE: OIL AND GAS FIELD SERVICES
KERMIT, TX 79745

SBA Loan Lender

WEST TEXAS NATIONAL BANK
101 EAST AVE
KERMIT, TX 79745

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.

SIC Code

1389 - Oil and Gas Field Services

NAICS Code

213112 - Support Activities for Oil and Gas Operations

Loan Approval Date

7/20/2000

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $80,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need business start up money in Kermit TX, you ought to talk with a local Kermit SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Kermit businesses.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from West Texas National Bank 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:

The Friends and Family Network

Best Banks for Small Business in Kermit, Texas

Where to Get an SBA Loan Texas