Getting an SBA Loan for Wired Telecommunications Carriers

With these SBA loans for wired telecommunications carriers, the SBA guarantees the lender that the loan will be repaid. This wired telecommunications carriers loan for $90,000 was given to a Texas entrepreneur in 2003.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mckinney, Texas was able to borrow $90,000 from Bank - Texas. The SBA made the loan possible by guaranteeing $76,500 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: WIRED TELECOMMUNICATIONS CARRIERS
MCKINNEY, TX 75070

SBA Loan Lender

BANK - TEXAS
1500 N CENTRAL EXPWY
MCKINNEY, TX 75070

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.

NAICS Code

517110 - Wired Telecommunications Carriers

Loan Approval Date

4/14/2003

Loan Approval Gross Amount

$90,000

Loan Approval from the SBA

Of the total $90,000 loan amount, the SBA guaranteed $76,500.

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 5 employees. The SBA loan documents did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to raise money for a company in Mckinney TX, you ought to talk with a local Mckinney SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mckinney businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Bank - Texas so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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