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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Seguin, Business Loans > First Comm. Bank Seguin Business Loans > Security Systems Services Loan | ||||
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New Braunfels, Texas Bank Loan
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Borrowing Money for Security Systems ServicesLooking for small business loans for security systems services? Try the SBA. This $166,200 security systems services loan was issued by a Texas bank. This small firm knew how to go about getting a business bank loan. Based in New Braunfels, Texas, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was First Comm. Bank, based in Seguin, Texas. SBA Loan Borrower COMPANY TYPE: SECURITY SYSTEMS SERVICES SBA Loan Lender FIRST COMM. BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7382 - Security Systems Services NAICS Code 561621 - Security Systems Services Loan Approval Date 7/5/2001 Loan Approval Gross Amount $166,200 Loan Approval from the SBA Of the total $166,200 loan amount, the SBA guaranteed $124,650. 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 16 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Small Business Banks in Seguin, Texas
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