Fort Worth, Texas Bank Gives SBA Loan to Full-Service Restaurants Company
Get to know Fort Worth, Texas banks that specialize in business loans and know how to work with entrepreneurs. Southwest Bank is one such bank, as evidenced by this SBA loan to a growing company.
Finding a small business loan in New Braunfels, Texas starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Southwest Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
COMPANY TYPE: FULL-SERVICE RESTAURANTS
NEW BRAUNFELS, TX 78130
SBA Loan Lender
SOUTHWEST BANK
3737 SW LOOP 820
FORT WORTH, TX 76133
This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
8/13/2001
Loan Approval Gross Amount
$461,000
Loan Approval from the SBA
Of the total $461,000 loan amount, the SBA guaranteed $345,750.
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 60 employees. The SBA loan application for the borrower indicated that the loan would help generate 27 new jobs and retain 60 existing jobs.
Getting an SBA Loan For Your Business
If you need money to start a small business or need money for an existing business, an SBA loan can be a great way to raise money
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Southwest Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.
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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SBA Participating Banks in Fort Worth, Texas
SBA Participating Banks in Texas