Insurance Related Activities SBA Loans

Looking for SBA loans for insurance related activities? An SBA loan may be just what you've been looking for. This $70,000 insurance related activities loan was issued by a Texas bank.

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

SBA Loan Borrower

COMPANY TYPE: INSURANCE RELATED ACTIVITIES
RICHARDSON, TX 75081

SBA Loan Lender

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

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

524298 - Insurance Related Activities

Loan Approval Date

6/18/2002

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $59,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a company in Richardson TX, you ought to talk with a local Richardson SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Richardson businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $70,000 loan. Remember, if it to be, it is up to me!

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:

Accountant's Role in Securing Financing

SBA Banks in Richardson, Texas

Getting a Business Loan in Texas