Entrepreneur Works With Nacogdoches, Texas Bank to Get an SBA Loan

Thinking about meeting with a Nacogdoches, Texas bank about an SBA loan? Here's one Texas business loan, issued by a Nacogdoches bank, that was approved by the SBA.

Applying for an SBA loan with First Financial Bank worked out well for our friends at one local firm in Omaha, Texas. The business was able to get an SBA loan for $315,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: POULTRY AND POULTRY PRODUCTS
OMAHA, TX 75571

SBA Loan Lender

FIRST FINANCIAL BANK
1602 E STARR, STE 104
NACOGDOCHES, TX 75961

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5144 - Poultry and Poultry Products

NAICS Code

112320 - Broilers and Meat Type

Loan Approval Date

7/23/2003

Loan Approval Gross Amount

$315,000

Loan Approval from the SBA

Of the total $315,000 loan amount, the SBA guaranteed $236,250.

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 2 employees. This SBA loan request did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $315,000 loan. Remember, feel the fear, and do it anyway.

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:

Determining Proper Capital Structure for a Business

Small Bank Loans in Nacogdoches, Texas

Texas SBA 7A Lenders