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

Want to talk with a Mcallen, Texas bank about an SBA loan? Here's one Texas business loan, issued by a Mcallen bank, that was approved by the SBA.

Applying for an SBA loan with Texas State Bank worked out well for our friends at one local company in Pharr, Texas. The business was able to get an SBA loan for $60,285. Way to go!

SBA Loan Borrower

COMPANY TYPE: COMPUTER RELATED SERVICES
PHARR, TX 78577

SBA Loan Lender

TEXAS STATE BANK
3900 N 10TH ST
MCALLEN, TX 78501

This SBA bank 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

7379 - Computer Related Services

NAICS Code

541519 - Computer Related Services

Loan Approval Date

9/29/2005

Loan Approval Gross Amount

$60,285

Loan Approval from the SBA

Of the total $60,285 loan amount, the SBA guaranteed $51,242.

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 loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Accountant's Role in Securing Financing

SBA Banks in Mcallen, Texas

Where to Get an SBA Loan Texas