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December 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Humble, Business Loans > Sterling Bank Humble Business Loans > Waste Collection Loan | ||||
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What Does It Take to Get a Business Loan in Pearland, Texas?
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Borrowing Money for Waste CollectionWith these bank loans for waste collection, the SBA guarantees the lender that the loan will be repaid. This waste collection loan for $37,000 was given to a Texas entrepreneur in 2005. This small firm knew how to go about getting a business bank loan. Based in Pearland, Texas, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Sterling Bank, based in Humble, Texas. SBA Loan Borrower COMPANY TYPE: WASTE COLLECTION SBA Loan Lender STERLING BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 562119 - Waste Collection Loan Approval Date 7/12/2005 Loan Approval Gross Amount $37,000 Loan Approval from the SBA Of the total $37,000 loan amount, the SBA guaranteed $18,500. 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 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Sterling Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: How Much Venture Capital Is There? Who Lends Money to Small Businesses in Humble, Texas SBA Participating Banks in Texas
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