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November 14, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Houston, Business Loans > Comerica Bank Houston Business Loans > Power And Communication Transmission Line Construction Loan | ||||
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SBA Lenders in Texas
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Mansfield, Texas Business Gets SBA-Guaranteed Funding from Comerica BankAn SBA loan from Comerica Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Mansfield, Texas business owner got a $1,185,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mansfield, Texas was able to borrow $1,185,000 from Comerica Bank. The SBA made the loan possible by guaranteeing $888,750 of this Texas small business loan. SBA Loan Borrower COMPANY TYPE: POWER AND COMMUNICATION TRANSMISSION LINE CONSTRUCTION SBA Loan Lender COMERICA BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 234920 - Power and Communication Transmission Line Construction Loan Approval Date 3/30/2001 Loan Approval Gross Amount $1,185,000 Loan Approval from the SBA Of the total $1,185,000 loan amount, the SBA guaranteed $888,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 75 employees. The loan application indicated that the loan would help retain 75 existing jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We can help you find the best banks for small businesses in Mansfield or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Find an SBA Lender in Houston, Texas
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