Raising Money for Land Subdivision and Land Development

Looking for business loans for land subdivision and land development? Talk to a banker who works with the SBA. This $22,750 land subdivision and land development loan was issued by a Texas bank.

This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with American Bank Of Commerce, out of Wolfforth, Texas. The loan was granted and they received $22,750 to help grow their Lubbock, Texas business.

SBA Loan Borrower

COMPANY TYPE: LAND SUBDIVIDERS AND DEVELOPERS
LUBBOCK, TX 79414

SBA Loan Lender

AMERICAN BANK OF COMMERCE
W 82ND ST AND US HWY 62/82
WOLFFORTH, TX 79382

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6552 - Land Subdividers and Developers

NAICS Code

233110 - Land Subdivision and Land Development

Loan Approval Date

3/2/2000

Loan Approval Gross Amount

$22,750

Loan Approval from the SBA

Of the total $22,750 loan amount, the SBA guaranteed $18,200.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

We've showcased information on this loan to let you know that businesses like yours 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:

Getting a Small Business Loan

Who Lends Money to Small Businesses in Wolfforth, Texas

Find an SBA Lender in Texas