Where to Get Capital for Home Health Care Services

Looking for small business loans for home health care services? An SBA loan may be just what you've been looking for. This $70,000 home health care services loan was issued by a Texas bank.

Getting a small business loan in Port Arthur, Texas was important for this growing firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Texas State Bank, operating out of Beaumont, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: HOME HEALTH CARE SERVICES
PORT ARTHUR, TX 77643

SBA Loan Lender

TEXAS STATE BANK
700 CALDER
BEAUMONT, TX 77701

This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621610 - Home Health Care Services

Loan Approval Date

8/5/2004

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $59,500.

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 SBA funding recipient promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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