Loans for Lawyers

With these loans for lawyers, the SBA guarantees the lender that the loan will be repaid. This lawyers loan for $42,700 was given to a Texas entrepreneur in 2000.

This small firm knew how to go about getting a business bank loan. Based in San Angelo, Texas, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was San Angelo National Bank, based in San Angelo, Texas.

SBA Loan Borrower

COMPANY TYPE: LEGAL SERVICES
SAN ANGELO, TX 76901

SBA Loan Lender

SAN ANGELO NATIONAL BANK
301 W BEAUREGARD
SAN ANGELO, TX 76904

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8111 - Legal Services

NAICS Code

541110 - Lawyers

Loan Approval Date

10/25/2000

Loan Approval Gross Amount

$42,700

Loan Approval from the SBA

Of the total $42,700 loan amount, the SBA guaranteed $34,160.

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 SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We can help you find the best banks for small businesses in San Angelo or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Borrowing Money from Friends and Family

Good Banks for Small Business in San Angelo, Texas

Getting an SBA Loan in Texas