Commerce Bank SBA Loan to Real Estate Appraisers Company

An SBA loan from Commerce Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Laredo, Texas business owner got a $146,700 loan.

This business knew how to go about getting a business bank loan. Based in Laredo, Texas, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was Commerce Bank, based in Laredo, Texas.

SBA Loan Borrower

COMPANY TYPE: REAL ESTATE APPRAISERS
LAREDO, TX 78045

SBA Loan Lender

COMMERCE BANK
2120 SAUNDERS
LAREDO, TX 78041

This lender issued this bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began 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

531320 - Real Estate Appraisers

Loan Approval Date

3/29/2007

Loan Approval Gross Amount

$146,700

Loan Approval from the SBA

Of the total $146,700 loan amount, the SBA guaranteed $124,695.

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 indicated that the loan would help generate 1 new job and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Commerce Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

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