Security Bank SBA Loan to Automotive Parts And Accessories Stores Company

An SBA loan from Security Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Matador, Texas business owner got a $50,000 loan.

Getting a small business loan in Matador, Texas was an essential business goal for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Security Bank, operating out of Idalou, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE PARTS AND ACCESSORIES STORES
MATADOR, TX 79244

SBA Loan Lender

SECURITY BANK
302 MAIN ST
IDALOU, TX 79329

This lender issued this SBA loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441310 - Automotive Parts and Accessories Stores

Loan Approval Date

7/16/2007

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 an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

If you need business start up money in Matador TX, you ought to talk with a local Matador SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Matador businesses.

We can help you find the best banks for small businesses in Matador 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.

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