Direct Title Insurance Carriers Business Loans

With these business loans for direct title insurance carriers, the SBA guarantees the lender that the loan will be repaid. This direct title insurance carriers loan for $110,000 was given to a Texas entrepreneur in 2003.

This small business knew how to go about getting a business bank loan. Based in Richardson, Texas, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was First Bank Of Canyon Creek, based in Richardson, Texas.

SBA Loan Borrower

COMPANY TYPE: DIRECT TITLE INSURANCE CARRIERS
RICHARDSON, TX 75081

SBA Loan Lender

FIRST BANK OF CANYON CREEK
1755 N COLLINS BLVD, STE 100
RICHARDSON, TX 75080

This lender issued this particular commercial 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

524127 - Direct Title Insurance Carriers

Loan Approval Date

12/3/2003

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $93,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 14 employees. The loan application did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

We can help you find the best banks for small businesses in Richardson or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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SBA Banks in Richardson, Texas

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