Personal Care Services Bank Loans

Looking for bank loans for personal care services? Talk to a banker who works with the SBA. This $110,500 personal care services loan was issued by a Texas bank.

Getting a small business loan in Midland, Texas was important for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from First National Bank - Monahans, operating out of Midland, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: PERSONAL CARE SERVICES
MIDLAND, TX 79705

SBA Loan Lender

FIRST NATIONAL BANK - MONAHANS
5312 W WADLEY
MIDLAND, TX 79707

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812199 - Personal Care Services

Loan Approval Date

9/17/2003

Loan Approval Gross Amount

$110,500

Loan Approval from the SBA

Of the total $110,500 loan amount, the SBA guaranteed $93,925.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 3 employees. The loan application did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First National Bank - Monahans are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Financing Your Business

SBA Banks in Midland, Texas

SBA Lenders in Texas