Rusk, Texas Bank Lends Money to Chiropractors Company in Lufkin, Texas
Want to talk with a Rusk, Texas bank about a business loan? Here's one Texas business loan, issued by a Rusk bank, that was approved by the SBA.
Applying for an SBA loan with Austin Bank Texas worked out well for our friends at one local business in Lufkin, Texas. The business was able to get an SBA loan for $25,000. Nice!
SBA Loan Borrower
COMPANY TYPE: CHIROPRACTORS
LUFKIN, TX 75904
SBA Loan Lender
AUSTIN BANK TEXAS
401 MAIN ST
RUSK, TX 75785
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621310 - Chiropractors
Loan Approval Date
7/19/2001
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $21,250.
More Information on This SBA Loan
The borrower borrowed this money for an existing 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 5 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans provide money to small business owners for working capital for other expenses.
If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Austin Bank Texas 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:
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SBA Approved Banks in Rusk, Texas
SBA Participating Banks in Texas