Entrepreneur Works With Alvin, Texas Bank to Get an SBA Loan

Thinking about meeting with an Alvin, Texas bank about a small business loan? Here's one Texas business loan, issued by an Alvin bank, that was approved by the SBA.

Applying for an SBA loan with First National Bank Of Alvin worked out well for our friends at one local business in Rosharon, Texas. The business was able to get an SBA loan for $106,600. Awesome!

SBA Loan Borrower

COMPANY TYPE: SINGLE-FAMILY HOUSING CONSTRUCTION
ROSHARON, TX 77583

SBA Loan Lender

FIRST NATIONAL BANK OF ALVIN
1600 E HWY 6 & 35 BY-PASS
ALVIN, TX 77511

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1521 - Single-Family Housing Construction

NAICS Code

235990 - Special Trade Contractors

Loan Approval Date

10/5/2000

Loan Approval Gross Amount

$106,600

Loan Approval from the SBA

Of the total $106,600 loan amount, the SBA guaranteed $79,950.

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 only one employee. The SBA loan documents did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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.

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SBA Approved Banks in Alvin, Texas

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