SBA Loans for Employee Leasing Services

With these SBA loans for employee leasing services, the SBA guarantees the lender that the loan will be repaid. This employee leasing services loan for $250,000 was given to a Texas entrepreneur in 2006.

This 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 2006. The lending bank was Prosper Bank, based in Prosper, Texas.

SBA Loan Borrower

COMPANY TYPE: EMPLOYEE LEASING SERVICES
RICHARDSON, TX 75081

SBA Loan Lender

PROSPER BANK
805 E 1ST ST
PROSPER, TX 75078

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561330 - Employee Leasing Services

Loan Approval Date

3/6/2006

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

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 5 employees. The loan application did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

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.

Related Links:

Alternative Financing

SBA 7A Lenders in Prosper, Texas

Texas SBA 7A Banks