Entrepreneur Works With Mason, Texas Bank to Get an SBA Loan

Find Mason, Texas banks that specialize in business loans and know how to work with entrepreneurs. The Commercial Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Mason, Texas starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from The Commercial Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: GENERAL MERCHANDISE STORES
MASON, TX 76856

SBA Loan Lender

THE COMMERCIAL BANK
100 MOODY ST
MASON, TX 76856

This SBA bank loan 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.

SIC Code

5399 - General Merchandise Stores

NAICS Code

452990 - General Merchandise Stores

Loan Approval Date

8/30/2002

Loan Approval Gross Amount

$43,758

Loan Approval from the SBA

Of the total $43,758 loan amount, the SBA guaranteed $37,194.

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 only one employee. The SBA loan application for the borrower did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

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.

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