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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Highland Village, Business Loans > United Community Bank Highland Village Business Loans > Retail Bakeries Loan | ||||
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What Does It Take to Get a Business Loan in Plano, Texas?
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How to Get a Loan for Retail BakeriesLooking for SBA loans for retail bakeries? Try the SBA. This $87,600 retail bakeries loan was issued by a Texas bank. This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with United Community Bank, out of Highland Village, Texas. The loan was granted and they received $87,600 to help grow their Plano, Texas business. SBA Loan Borrower COMPANY TYPE: RETAIL BAKERIES SBA Loan Lender UNITED COMMUNITY BANK This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311811 - Retail Bakeries Loan Approval Date 7/7/2003 Loan Approval Gross Amount $87,600 Loan Approval from the SBA Of the total $87,600 loan amount, the SBA guaranteed $74,460. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the small business promised to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from United Community Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Obtaining Funding - How to Decide How Much to Raise SBA 7A Lenders in Highland Village, Texas
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