Getting an SBA Loan for Store Retailers

Looking for commercial loans for store retailers? An SBA loan may be just what you've been looking for. This $50,000 store retailers loan was issued by a Texas bank.

This business knew how to go about getting a business bank loan. Based in Lufkin, Texas, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Commercial Bank Of Texas, based in Lufkin, Texas.

SBA Loan Borrower

COMPANY TYPE: STORE RETAILERS
LUFKIN, TX 75901

SBA Loan Lender

COMMERCIAL BANK OF TEXAS
600 S FIRST ST
LUFKIN, TX 75901

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans 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.

NAICS Code

453998 - Store Retailers

Loan Approval Date

1/23/2006

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 only one employee. This SBA loan request did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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 to Raise Money

Who Lends Money to Small Businesses in Lufkin, Texas

Getting a Business Loan in Texas