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December 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Lubbock, Business Loans > Plainscapital Bank Lubbock Business Loans > Fossil Fuel Electric Power Loan | ||||
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Texas SBA Banks
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Lubbock, Texas Bank Lends Money to Fossil Fuel Electric Power Company in Lubbock, TexasThinking about meeting with a Lubbock, Texas bank about an SBA loan? Here's one Texas business loan, issued by a Lubbock bank, that was approved by the SBA. Applying for an SBA loan with Plainscapital Bank worked out well for our friends at one local business in Lubbock, Texas. They got an SBA loan for $7,000. Awesome! SBA Loan Borrower COMPANY TYPE: FOSSIL FUEL ELECTRIC POWER SBA Loan Lender PLAINSCAPITAL BANK This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 221112 - Fossil Fuel Electric Power Loan Approval Date 2/27/2004 Loan Approval Gross Amount $7,000 Loan Approval from the SBA Of the total $7,000 loan amount, the SBA guaranteed $3,500. 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 indicated that the loan would help retain 2 existing jobs. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Plainscapital Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: How Much Venture Capital Is There?
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