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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Bogata, Business Loans > Guaranty Bond Bank Bogata Business Loans > Liquefied Petroleum Gas Dealers Loan | ||||
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What Does It Take to Get a Business Loan in Paris, Texas?
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Financing for Liquefied Petroleum Gas DealersLooking for commercial loans for liquefied petroleum gas dealers? Talk to a banker who works with the SBA. This $339,000 liquefied petroleum gas dealers loan was issued by a Texas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Paris, Texas was able to borrow $339,000 from Guaranty Bond Bank. The SBA made the loan possible by guaranteeing $254,250 of this Texas small business loan. SBA Loan Borrower COMPANY TYPE: LIQUEFIED PETROLEUM GAS DEALERS SBA Loan Lender GUARANTY BOND BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 454312 - Liquefied Petroleum Gas Dealers Loan Approval Date 9/8/2003 Loan Approval Gross Amount $339,000 Loan Approval from the SBA Of the total $339,000 loan amount, the SBA guaranteed $254,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 1 existing job. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Banking Deregulation's Effects on Entrepreneurship Who Lends Money to Small Businesses in Bogata, Texas
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