Used Merchandise Stores Business Loans

Looking for business loans for used merchandise stores? Try the SBA. This $17,500 used merchandise stores loan was issued by a Texas bank.

Getting a small business loan in Quanah, Texas was important for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from First National Bank In Quanah, operating out of Quanah, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: USED MERCHANDISE STORES
QUANAH, TX 79252

SBA Loan Lender

FIRST NATIONAL BANK IN QUANAH
3RD & MERCER
QUANAH, TX 79252

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453310 - Used Merchandise Stores

Loan Approval Date

8/12/2002

Loan Approval Gross Amount

$17,500

Loan Approval from the SBA

Of the total $17,500 loan amount, the SBA guaranteed $14,875.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 small business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

This SBA loan was for $17,500. How would you spend $17,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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 Borrow Money

Who Lends Money to Small Businesses in Quanah, Texas

Texas SBA 7A Lenders