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December 4, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Terrell, Business Loans > The Anb Corporation Terrell Business Loans > Hardware Stores Loan | ||||
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SBA 7A Banks for Royse City, Texas Entrepreneurs
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Borrowing Money for Hardware StoresLooking for loans for hardware stores? Try the SBA. This $136,000 hardware stores loan was issued by a Texas bank. This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with The Anb Corporation, out of Terrell, Texas. The loan was granted and they received $136,000 to help grow their Royse City, Texas business. SBA Loan Borrower COMPANY TYPE: HARDWARE STORES SBA Loan Lender THE ANB CORPORATION This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 444130 - Hardware Stores Loan Approval Date 6/24/2005 Loan Approval Gross Amount $136,000 Loan Approval from the SBA Of the total $136,000 loan amount, the SBA guaranteed $115,600. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? 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. Related Links:
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