Borrowing Money for General Freight Trucking, Local

Looking for small business loans for general freight trucking, local? An SBA loan may be just what you've been looking for. This $306,285 general freight trucking, local loan was issued by a Texas bank.

This small firm knew how to go about getting a business bank loan. Based in Lockney, Texas, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Security Bank, based in Idalou, Texas.

SBA Loan Borrower

COMPANY TYPE: LOCAL TRUCKING WITHOUT STORAGE
LOCKNEY, TX 79241

SBA Loan Lender

SECURITY BANK
302 MAIN ST
IDALOU, TX 79329

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 dates back to 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.

SIC Code

4212 - Local Trucking Without Storage

NAICS Code

484110 - General Freight Trucking, Local

Loan Approval Date

1/4/2002

Loan Approval Gross Amount

$306,285

Loan Approval from the SBA

Of the total $306,285 loan amount, the SBA guaranteed $229,714.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 5 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $306,285 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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