Commercial Loans for Used Merchandise Stores

Looking for commercial loans for used merchandise stores? The SBA may be the answer. This $50,000 used merchandise stores loan was issued by a Texas bank.

This small business knew how to go about getting a business bank loan. Based in Lake Jackson, Texas, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was First State Bank, based in Lake Jackson, Texas.

SBA Loan Borrower

COMPANY TYPE: USED MERCHANDISE STORES
LAKE JACKSON, TX 77566

SBA Loan Lender

FIRST STATE BANK
490 THIS WAY
LAKE JACKSON, TX 77566

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.

NAICS Code

453310 - Used Merchandise Stores

Loan Approval Date

8/27/2001

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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. This SBA loan request did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you have been wondering how do i get money to start a business in Lake Jackson TX, you ought to talk with a local Lake Jackson SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lake Jackson businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First State Bank and they will explain how you can get an SBA loan for your company.

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:

Advice on Getting a Small Business Loan

Best Lake Jackson, Texas Banks for Small Business

SBA Lenders in Texas