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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Wolfforth, Business Loans > American Bank Of Commerce Wolfforth Business Loans > Sanitary Services Loan | ||||
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Texas Bank SBA Loans
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Wolfforth, Texas Bank Gives SBA Loan to Sanitary Services CompanyA Wolfforth, Texas business loan can be yours. Learn how one firm got a $35,100 business loan from this Texas bank. This loan to an entrepreneur is a good example of an SBA loan. American Bank Of Commerce made the loan and the SBA guaranteed a portion of the loan. Many other Texas entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: SANITARY SERVICES SBA Loan Lender AMERICAN BANK OF COMMERCE This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4959 - Sanitary Services Loan Approval Date 9/6/2000 Loan Approval Gross Amount $35,100 Loan Approval from the SBA Of the total $35,100 loan amount, the SBA guaranteed $28,080. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 14 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $35,100 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Wolfforth, Texas Where to Get an SBA Loan Texas
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