Woodforest National Bank SBA Loan to Water, Sewer, And Utility Lines Company
Searching for a Texas SBA loan? Here's one Texas business loan that was approved by the SBA.
This small business needed an SBA business loan in Magnolia, Texas back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Woodforest National Bank, operating out of Conroe, Texas. Here are the details on this Texas small business loan.
SBA Loan Borrower
COMPANY TYPE: WATER, SEWER, AND UTILITY LINES
MAGNOLIA, TX 77354
SBA Loan Lender
WOODFOREST NATIONAL BANK
3101 W DAVIS & CAMELOT
CONROE, TX 77304
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.
SIC Code
1623 - Water, Sewer, and Utility Lines
Loan Approval Date
4/24/2000
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $40,000.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 company planned to use the money to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
If you need money to start a business or need money to grow a business, an SBA loan can be a great funding source
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Woodforest National Bank and they will explain how you can get an SBA loan for your company.
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
SBA 7A Banks in Conroe, Texas
SBA Lenders in Texas