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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Pharr, Business Loans > Lone Star National Bank Pharr Business Loans > Business Services Loan | ||||
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Pharr Lenders
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Pharr, Texas Bank Gives SBA Loan to Business Services CompanyWant to talk with a Pharr, Texas bank about an SBA loan? Here's one Texas business loan, issued by a Pharr bank, that was approved by the SBA. Applying for an SBA loan with Lone Star National Bank worked out well for our friends at one local company in Mcallen, Texas. The business was able to get an SBA loan for $150,000. Sweet! SBA Loan Borrower COMPANY TYPE: BUSINESS SERVICES SBA Loan Lender LONE STAR NATIONAL BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7389 - Business Services NAICS Code 541870 - Advertising Material Distribution Services Loan Approval Date 4/6/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. The loan application did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. 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. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Obtaining Funding - Friends and Family SBA Participating Banks in Texas
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