Company Gets a Texas Business Loan

Searching for a Texas SBA loan? This Texas entrepreneur got an SBA loan, provided by a Texas bank that works with the SBA to help small business owners.

This company, based in Pharr, Texas, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from International Bank Of Commerce. We've got the inside scoop on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: SPECIAL PRODUCT SAWMILLS
PHARR, TX 78577

SBA Loan Lender

INTERNATIONAL BANK OF COMMERCE
US HWY 83 AT 10TH AVE
ZAPATA, TX 78076

This lender issued this SBA loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2429 - Special Product Sawmills

NAICS Code

321920 - Wood Container and Pallet Manufacturing

Loan Approval Date

6/9/2006

Loan Approval Gross Amount

$229,742

Loan Approval from the SBA

Of the total $229,742 loan amount, the SBA guaranteed $172,307.

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 5 employees. The SBA loan documents did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like International Bank Of Commerce and they will explain how you can get an SBA loan for your company.

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.

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