Commercial Bank Of Texas SBA Loan to Children's And Infants' Wear Stores Company

An SBA loan from Commercial Bank Of Texas typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Nacogdoches, Texas business owner got a $77,700 loan.

This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Commercial Bank Of Texas, out of Nacogdoches, Texas. The loan was granted and they received $77,700 to help grow their Nacogdoches, Texas business.

SBA Loan Borrower

COMPANY TYPE: CHILDREN'S AND INFANTS' WEAR STORES
NACOGDOCHES, TX 75961

SBA Loan Lender

COMMERCIAL BANK OF TEXAS
215 E MAIN
NACOGDOCHES, TX 75961

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5641 - Children's and Infants' Wear Stores

NAICS Code

448130 - Children's and Infants' Clothing Stores

Loan Approval Date

8/28/2000

Loan Approval Gross Amount

$77,700

Loan Approval from the SBA

Of the total $77,700 loan amount, the SBA guaranteed $62,160.

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 documents did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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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