Washington Mutual Bank Gives SBA Loan to Grocery Stores Company
Want a Texas small business loan? This Texas entrepreneur got a small business loan, provided by a Nevada bank that works with the SBA to help small business owners.
Getting a small business loan in Murchison, Texas was a top priority for this small company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Washington Mutual Bank. Here are the details on this Texas small business loan.
SBA Loan Borrower
COMPANY TYPE: GROCERY STORES
MURCHISON, TX 75778
SBA Loan Lender
WASHINGTON MUTUAL BANK
2273 N GREEN VALLEY PKWY, STE
HENDERSON, NV 89014
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5411 - Grocery Stores
Loan Approval Date
3/15/2000
Loan Approval Gross Amount
$285,000
Loan Approval from the SBA
Of the total $285,000 loan amount, the SBA guaranteed $213,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 3 employees. The loan application indicated that the loan would help generate 1 new job and retain 3 existing jobs.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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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