Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

Raising Money in New Braunfels, Texas With SBA Loans

 

 
Loan Census SBA Loan Info

Raising Money for Roofing Contractors

Looking for bank loans for roofing contractors? Try the SBA. This $149,500 roofing contractors loan was issued by a California bank.

Getting a small business loan in New Braunfels, Texas was important for this growing firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Wells Fargo Bank, operating out of San Jose, California. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: ROOFING CONTRACTORS
NEW BRAUNFELS, TX 78130

SBA Loan Lender

WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113

The lender provided this SBA business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

238160 - Roofing Contractors

Loan Approval Date

1/11/2007

Loan Approval Gross Amount

$149,500

Loan Approval from the SBA

Of the total $149,500 loan amount, the SBA guaranteed $74,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 30 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 30 existing jobs.

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

If you are wondering how to raise money for a company in New Braunfels TX, you ought to talk with a local New Braunfels SBA lender or talk with an out-of-area SBA lender that has previously loaned money to New Braunfels businesses.

While you may be able to find other ways to get money to start a business, 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.

Related Links:

Advice on Getting a Small Business Loan

SBA Participating Banks in San Jose, California

SBA California Lenders