Mercedes, Texas Entrepreneur Gets an SBA Loan
Would a Texas business loan help your company expand? If so, you may want to talk with this South Dakota bank, which offers SBA loans to Texas entrepreneurs.
You can learn something about getting a small business loan in Mercedes, Texas by studying this loan to a local business, made back in 2007. Banks like Wells Fargo Bank may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: NONHAZARDOUS WASTE TREATMENT AND DISPOSAL
MERCEDES, TX 78570
SBA Loan Lender
WELLS FARGO BANK
101 N PHILIPS AVE
SIOUX FALLS, SD 57104
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
562219 - Nonhazardous Waste Treatment and Disposal
Loan Approval Date
2/19/2007
Loan Approval Gross Amount
$15,000
Loan Approval from the SBA
Of the total $15,000 loan amount, the SBA guaranteed $7,500.
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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
We can help you find the best banks for small businesses in Mercedes 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.
Related Links:
Debt Financing
Who Lends Money to Small Businesses in Sioux Falls, South Dakota
South Dakota SBA 7A Lenders