Mount Pleasant, Texas Business Gets SBA-Guaranteed Funding from Equity Bank, Ssb

An SBA loan from Equity Bank, Ssb typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Mount Pleasant, Texas business owner got a $150,000 loan.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Equity Bank, Ssb, out of Mount Vernon, Texas. The loan was granted and they received $150,000 to help grow their Mount Pleasant, Texas business.

SBA Loan Borrower

COMPANY TYPE: PUBLIC GOLF COURSES
MOUNT PLEASANT, TX 75455

SBA Loan Lender

EQUITY BANK, SSB
539 W I-30
MOUNT VERNON, TX 75457

This lender issued this small business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7992 - Public Golf Courses

NAICS Code

713910 - Golf Courses and Country Clubs

Loan Approval Date

1/21/2003

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 an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 3 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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