Lake Dallas, Texas Business Gets SBA-Guaranteed Funding from Security State Bank & Trust

Security State Bank & Trust is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Texas entrepreneur who tapped into the power of SBA loans.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Security State Bank & Trust, out of Fredericksburg, Texas. The loan was granted and they received $98,500 to help grow their Lake Dallas, Texas business.

SBA Loan Borrower

COMPANY TYPE: NEWSPAPER PUBLISHERS
LAKE DALLAS, TX 75065

SBA Loan Lender

SECURITY STATE BANK & TRUST
201 W MAIN ST
FREDERICKSBURG, TX 78624

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

511110 - Newspaper Publishers

Loan Approval Date

10/28/2005

Loan Approval Gross Amount

$98,500

Loan Approval from the SBA

Of the total $98,500 loan amount, the SBA guaranteed $49,250.

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 5 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Security State Bank & Trust 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.

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