Sporting Goods Stores Bank Loans

Looking for bank loans for sporting goods stores? An SBA loan may be just what you've been looking for. This $45,900 sporting goods stores loan was issued by a Texas bank.

This company knew how to go about getting a business bank loan. Based in Laredo, Texas, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Commerce Bank, based in Laredo, Texas.

SBA Loan Borrower

COMPANY TYPE: SPORTING GOODS STORES
LAREDO, TX 78041

SBA Loan Lender

COMMERCE BANK
2120 SAUNDERS
LAREDO, TX 78041

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

6/7/2004

Loan Approval Gross Amount

$45,900

Loan Approval from the SBA

Of the total $45,900 loan amount, the SBA guaranteed $39,015.

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 3 employees. This SBA loan request did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

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

If you want money for new small business in Laredo TX, you ought to talk with a local Laredo SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Laredo businesses.

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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