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December 17, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Idalou, Business Loans > Security Bank Idalou Business Loans > Cottonseed Oil Mills Loan | ||||
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Roaring Springs, Texas Bank Loan
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Where to Get Capital for Oilseed ProcessingLooking for SBA loans for oilseed processing? Talk to a banker who works with the SBA. This $240,000 oilseed processing loan was issued by a Texas bank. Getting a small business loan in Roaring Springs, 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 Security Bank, operating out of Idalou, Texas. Here are the details on this Texas small business loan. SBA Loan Borrower COMPANY TYPE: COTTONSEED OIL MILLS SBA Loan Lender SECURITY BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2074 - Cottonseed Oil Mills NAICS Code 311223 - Oilseed Processing Loan Approval Date 9/23/2002 Loan Approval Gross Amount $240,000 Loan Approval from the SBA Of the total $240,000 loan amount, the SBA guaranteed $180,000. 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 6 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Security Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Security Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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:
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