Dallas, Texas Bank Lends Money to Insurance Agencies And Brokerages Company in Matthews, North Carolina
Thinking about meeting with a Dallas, Texas bank about a business loan? Here's one North Carolina business loan, issued by a Dallas bank, that was approved by the SBA.
Applying for an SBA loan with Comerica Bank worked out well for our friends at one local company in Matthews, North Carolina. They got an SBA loan for $441,000. Sweet!
SBA Loan Borrower
COMPANY TYPE: INSURANCE AGENCIES AND BROKERAGES
MATTHEWS, NC 28105
SBA Loan Lender
COMERICA BANK
1717 MAIN
DALLAS, TX 75201
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
524210 - Insurance Agencies and Brokerages
Loan Approval Date
8/7/2002
Loan Approval Gross Amount
$441,000
Loan Approval from the SBA
Of the total $441,000 loan amount, the SBA guaranteed $330,750.
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 only one employee. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 1 existing job.
Great, But How Can I Get an SBA Loan for My Business?
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Comerica Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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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