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November 14, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Fredericksburg, Business Loans > Security State Bank & Trust Fredericksburg Business Loans > Sewing, Needlework, And Piece Goods Stores Loan | ||||
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Banks in Fredericksburg, Texas That Make SBA Loans
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Fredericksburg, Texas Bank Gives SBA Loan to Sewing, Needlework, And Piece Goods Stores CompanyWant to talk with a Fredericksburg, Texas bank about an SBA loan? Here's one Texas business loan, issued by a Fredericksburg bank, that was approved by the SBA. Applying for an SBA loan with Security State Bank & Trust worked out well for our friends at one local firm in Kerrville, Texas. They got an SBA loan for $50,500. Great job! SBA Loan Borrower COMPANY TYPE: SEWING, NEEDLEWORK, AND PIECE GOODS STORES SBA Loan Lender SECURITY STATE BANK & TRUST This lender issued this loan for a small business under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 451130 - Sewing, Needlework, and Piece Goods Stores Loan Approval Date 3/27/2003 Loan Approval Gross Amount $50,500 Loan Approval from the SBA Of the total $50,500 loan amount, the SBA guaranteed $42,925. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? 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. Related Links: Find an SBA Lender in Fredericksburg, Texas
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