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December 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Odessa, Business Loans > Security State Bank Odessa Business Loans > Private Mail Centers Loan | ||||
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SBA 7A Banks for Odessa, Texas Business Owners
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Private Mail Centers Business LoansWith these business loans for private mail centers, the SBA guarantees the lender that the loan will be repaid. This private mail centers loan for $50,000 was given to a Texas entrepreneur in 2003. This business knew how to go about getting a business bank loan. Based in Odessa, Texas, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Security State Bank, based in Odessa, Texas. SBA Loan Borrower COMPANY TYPE: PRIVATE MAIL CENTERS SBA Loan Lender SECURITY STATE BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561431 - Private Mail Centers Loan Approval Date 8/12/2003 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 only one employee. The loan application did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great way to raise money We've showcased information on this loan to let you know that businesses like yours 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: Obtaining Funding - Friends and Family Good Banks for Small Business in Odessa, Texas
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