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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Tyler, Business Loans > Southside Bank Tyler Business Loans > Servpro Of Longview Loan | ||||
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Longview, Texas Bank for SBA Loans
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Longview, TX Entrepreneur Gets SBA Loan to Buy Servpro FranchiseBorrowing money to purchase a Servpro franchise? Southside Bank has a history of making these loans and they are guaranteed by the SBA. Servpro franchise loans are available to Longview, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Southside Bank, based in Tyler, Texas, issued an SBA franchise loan for a Servpro franchise in 2004. We've got all the details on this Texas small business loan. SBA Loan Borrower SERVPRO OF LONGVIEW SBA Loan Lender SOUTHSIDE BANK 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 562910 - Remediation Services Loan Approval Date 5/12/2004 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Servpro franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Southside 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. Related Links: Small Bank Loans in Tyler, Texas Where to Get an SBA Loan Texas
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