Weslaco, Texas Bank Lends Money to Drinking Places Company in Mcallen, Texas

Want to talk with a Weslaco, Texas bank about a small business loan? Here's one Texas business loan, issued by a Weslaco bank, that was approved by the SBA.

Applying for an SBA loan with Texas State Bank worked out well for our friends at one local business in Mcallen, Texas. They got an SBA loan for $106,400. Awesome!

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
MCALLEN, TX 78504

SBA Loan Lender

TEXAS STATE BANK
500 S MISSOURI
WESLACO, TX 78596

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722410 - Drinking Places

Loan Approval Date

3/6/2002

Loan Approval Gross Amount

$106,400

Loan Approval from the SBA

Of the total $106,400 loan amount, the SBA guaranteed $90,440.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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.

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