Laredo, Texas Bank Gives SBA Loan to Grocery Stores Company

Thinking about meeting with a Laredo, Texas bank about a business loan? Here's one Texas business loan, issued by a Laredo bank, that was approved by the SBA.

Applying for an SBA loan with Falcon International Bank worked out well for our friends at one local business in Laredo, Texas. They got an SBA loan for $66,567. Sweet!

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
LAREDO, TX 78045

SBA Loan Lender

FALCON INTERNATIONAL BANK
5219 MCPHERSON RD
LAREDO, TX 78041

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

12/15/2006

Loan Approval Gross Amount

$66,567

Loan Approval from the SBA

Of the total $66,567 loan amount, the SBA guaranteed $56,582.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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 Falcon International 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.

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