Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

Requirements for Small Businesses On Getting a Loan

 

 
Loan Census SBA Loan Info

Advertising Material Distribution Services Commercial Loans

Looking for commercial loans for advertising material distribution services? Talk to a banker who works with the SBA. This $35,500 advertising material distribution services loan was issued by a Texas bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in San Juan, Texas was able to borrow $35,500 from Lone Star National Bank. The SBA made the loan possible by guaranteeing $30,175 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: ADVERTISING
SAN JUAN, TX 78589

SBA Loan Lender

LONE STAR NATIONAL BANK
100 W FERGUSON
PHARR, TX 78577

When this loan was made, the lender participated in the SBA's Certified Lenders Program (CLP). This program was created to provide speedy service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7319 - Advertising

NAICS Code

541870 - Advertising Material Distribution Services

Loan Approval Date

4/10/2002

Loan Approval Gross Amount

$35,500

Loan Approval from the SBA

Of the total $35,500 loan amount, the SBA guaranteed $30,175.

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 company planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Lone Star National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Lone Star National 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:

How Equity Dilution Works

Best Banks for Small Business in Pharr, Texas

Texas SBA Banks