Town No. Bank SBA Loan to Surgical And Medical Instruments And Apparatus Company

Want a Texas small business loan? Here's one Texas business loan that was approved by the SBA.

This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Town No. Bank, out of Dallas, Texas. The loan was granted and they received $500,000 to help grow their Plano, Texas business.

SBA Loan Borrower

COMPANY TYPE: SURGICAL AND MEDICAL INSTRUMENTS AND APPARATUS
PLANO, TX 75074

SBA Loan Lender

TOWN NO. BANK
4455 LBJ FWY, 1 BLOCK W OF TH
DALLAS, TX 75244

This SBA small business 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

3841 - Surgical and Medical Instruments and Apparatus

Loan Approval Date

4/14/2000

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $450,000.

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 42 employees. This SBA loan request did not indicate that the company promised to use the money to add employees 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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Town No. Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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Understanding Dilution

SBA 7A Banks in Dallas, Texas

SBA Participating Banks in Texas