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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Dallas, Business Loans > Equity Bank, Ssb Dallas Business Loans > Groceries And Related Products Loan | ||||
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Advice for Small Business Owners On Getting a Loan
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Small Business Loans for Grocery and Related Products WholesalersLooking for small business loans for grocery and related products wholesalers? Talk to a banker who works with the SBA. This $688,750 grocery and related products wholesalers loan was issued by a Texas bank. This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Equity Bank, Ssb, out of Dallas, Texas. The loan was granted and they received $688,750 to help grow their Mt. Vernon, Texas business. SBA Loan Borrower COMPANY TYPE: GROCERIES AND RELATED PRODUCTS SBA Loan Lender EQUITY BANK, SSB This loan was issued by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA delivers a quick answer on whether the loan qualifies. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5149 - Groceries and Related Products NAICS Code 422490 - Grocery and Related Products Wholesalers Loan Approval Date 8/29/2002 Loan Approval Gross Amount $688,750 Loan Approval from the SBA Of the total $688,750 loan amount, the SBA guaranteed $516,562. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? 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. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Advice on Getting a Small Business Loan
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