SBA Loan from First State Bank Helps Pipeline Transportation Of Natural Gas Company

First State Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Texas entrepreneur who tapped into the power of SBA loans.

This growing company knew how to go about getting a business bank loan. Based in Mabank, Texas, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was First State Bank, based in Athens, Texas.

SBA Loan Borrower

COMPANY TYPE: PIPELINE TRANSPORTATION OF NATURAL GAS
MABANK, TX 75156

SBA Loan Lender

FIRST STATE BANK
130 E CORSICANA
ATHENS, TX 75751

This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

486210 - Pipeline Transportation of Natural Gas

Loan Approval Date

1/11/2006

Loan Approval Gross Amount

$194,275

Loan Approval from the SBA

Of the total $194,275 loan amount, the SBA guaranteed $145,706.

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 5 employees. This SBA loan request did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you want money for new small business in Mabank TX, you ought to talk with a local Mabank SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mabank businesses.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Small Business Credit Cards

Small Bank Loans in Athens, Texas

Texas SBA 7A Lenders