Lone Star Cap. Bank SBA Loan to Women's Clothing Stores Company

An SBA loan from Lone Star Cap. Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a New Braunfels, Texas business owner got a $45,000 loan.

This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Lone Star Cap. Bank, out of San Antonio, Texas. The loan was granted and they received $45,000 to help grow their New Braunfels, Texas business.

SBA Loan Borrower

COMPANY TYPE: WOMEN'S CLOTHING STORES
NEW BRAUNFELS, TX 78130

SBA Loan Lender

LONE STAR CAP. BANK
150 N LOOP 1604 E
SAN ANTONIO, TX 78232

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5621 - Women's Clothing Stores

NAICS Code

448120 - Women's Clothing Stores

Loan Approval Date

5/25/2000

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $36,000.

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. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Lone Star Cap. Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Lone Star Cap. Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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