Entrepreneur Works With Longview, Texas Bank to Get an SBA Loan

Get to know Longview, Texas banks that specialize in SBA loans and know how to work with entrepreneurs. Spring Hill State Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Longview, Texas starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Spring Hill State Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL PRINTING
LONGVIEW, TX 75604

SBA Loan Lender

SPRING HILL STATE BANK
3700 GILMER HWY
LONGVIEW, TX 75604

This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2759 - Commercial Printing

Loan Approval Date

9/5/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

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 10 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Spring Hill State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Spring Hill State Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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