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November 21, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Richardson, Business Loans > First Bank Of Canyon Creek Richardson Business Loans > Dentists Loan | ||||
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Texas Bank SBA Loans
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Entrepreneur Works With Richardson, Texas Bank to Get an SBA LoanGet SBA loans from a Richardson, Texas bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. First Bank Of Canyon Creek is a Richardson, Texas small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Texas company. SBA Loan Borrower COMPANY TYPE: DENTISTS SBA Loan Lender FIRST BANK OF CANYON CREEK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621210 - Dentists Loan Approval Date 6/8/2004 Loan Approval Gross Amount $363,000 Loan Approval from the SBA Of the total $363,000 loan amount, the SBA guaranteed $272,250. 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 8 employees. The loan application did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Who Lends Money to Small Businesses in Richardson, Texas
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