Plano, Texas Entrepreneur Gets a Business Loan

Would a Texas business loan help your company expand? If so, you may want to talk with this Texas bank, which offers SBA loans to Texas entrepreneurs.

This small business, based in Plano, 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 Parkway National Bancshares Inc.. We've got the inside scoop on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: LITHOGRAPHIC COMMERCIAL PRINTING
PLANO, TX 75025

SBA Loan Lender

PARKWAY NATIONAL BANCSHARES INC.
5049 W PARK BLVD
PLANO, TX 75093

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2752 - Lithographic Commercial Printing

NAICS Code

323110 - Commercial Lithographic Printing

Loan Approval Date

5/9/2000

Loan Approval Gross Amount

$29,300

Loan Approval from the SBA

Of the total $29,300 loan amount, the SBA guaranteed $23,440.

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 only one employee. The SBA loan documents did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Parkway National Bancshares Inc. and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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