Local Business Gets a Texas Small Business Loan
TexasBusiness loans are available to Texas business owners through the SBA. In this case, a Texas bank provides the loan.
You can learn something about getting a small business loan in Port Neches, Texas by studying this loan to a local business, made back in 2002. Banks like Texas State Bank may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: BOOK STORES
PORT NECHES, TX 77651
SBA Loan Lender
TEXAS STATE BANK
2927 NALL
PORT NECHES, TX 77651
This lender issued this particular SBA loan 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
451211 - Book Stores
Loan Approval Date
5/15/2002
Loan Approval Gross Amount
$34,400
Loan Approval from the SBA
Of the total $34,400 loan amount, the SBA guaranteed $29,240.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had only one employee. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
While you may be able to find other ways to get money to start a business, 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.
Related Links:
Microlending as a Small Business Funding Source
Who Lends Money to Small Businesses in Port Neches, Texas
Texas SBA 7A Banks