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December 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Friendswood, Business Loans > Texas First Bank Santa Fe Friendswood Business Loans > Construction And Mining Machinery And Equipment Merchant Loan | ||||
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Banks Doing SBA Loans in Texas
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Entrepreneur Works With Friendswood, Texas Bank to Get an SBA LoanThinking about meeting with a Friendswood, Texas bank about a small business loan? Here's one Texas business loan, issued by a Friendswood bank, that was approved by the SBA. Applying for an SBA loan with Texas First Bank Santa Fe worked out well for our friends at one local company in Pearland, Texas. They got an SBA loan for $150,000. Nice! SBA Loan Borrower COMPANY TYPE: CONSTRUCTION AND MINING MACHINERY AND EQUIPMENT MERCHANT SBA Loan Lender TEXAS FIRST BANK SANTA FE This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 423810 - Construction and Mining Machinery and Equipment Merchant Loan Approval Date 9/5/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 2 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Texas First Bank Santa Fe are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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 - How to Decide How Much to Raise Where to Get an SBA Loan in Friendswood, Texas
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