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

Get business loans from a Lubbock, Texas bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.

First United Bank is a Lubbock, Texas small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Texas company.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL PRINTING
LUBBOCK, TX 79416

SBA Loan Lender

FIRST UNITED BANK
6604 FRANKFORD
LUBBOCK, TX 79424

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide debt financing to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2759 - Commercial Printing

NAICS Code

323113 - Commercial Screen Printing

Loan Approval Date

4/28/2006

Loan Approval Gross Amount

$49,400

Loan Approval from the SBA

Of the total $49,400 loan amount, the SBA guaranteed $41,990.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 2 employees. The loan application did not indicate that the business planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great funding source

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Realistic Debt Financing Options

SBA 7A Banks in Lubbock, Texas

Getting an SBA Loan in Texas