Texas Bank Loan Issued to Cemeteries And Crematories Company
TexasSBA loans are available to Texas entrepreneurs through the SBA. In this case, a California bank provides the loan.
Getting a small business loan in New Braunfels, Texas was a top priority for this particular business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Wachovia Sba Lending, Inc.. Here are the details on this Texas small business loan.
SBA Loan Borrower
COMPANY TYPE: CEMETERIES AND CREMATORIES
NEW BRAUNFELS, TX 78132
SBA Loan Lender
WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
812220 - Cemeteries and Crematories
Loan Approval Date
10/10/2003
Loan Approval Gross Amount
$763,900
Loan Approval from the SBA
Of the total $763,900 loan amount, the SBA guaranteed $572,925.
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 6 employees. The SBA loan documents indicated that the loan would help retain 6 existing jobs.
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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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