Inwood National Bank SBA Loan to Wood Partitions And Fixtures Company

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

This local small business knew how to go about getting a business bank loan. Based in Quinlan, Texas, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Inwood National Bank, based in Garland, Texas.

SBA Loan Borrower

COMPANY TYPE: WOOD PARTITIONS AND FIXTURES
QUINLAN, TX 75474

SBA Loan Lender

INWOOD NATIONAL BANK
1200 MAIN
GARLAND, TX 75040

This lender issued this particular SBA small business 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.

SIC Code

2541 - Wood Partitions and Fixtures

Loan Approval Date

6/26/2000

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $40,000.

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 7 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Advice on Getting a Small Business Loan

Small Bank Loans in Garland, Texas

SBA Participating Banks in Texas