Borrowing Money for Engineering Services

With these bank loans for engineering services, the SBA guarantees the lender that the loan will be repaid. This engineering services loan for $100,000 was given to a Texas entrepreneur in 2006.

Getting a small business loan in Schertz, Texas was important for this company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Schertz Bank & Trust, operating out of Schertz, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: ENGINEERING SERVICES
SCHERTZ, TX 78154

SBA Loan Lender

SCHERTZ BANK & TRUST
519 MAIN ST
SCHERTZ, TX 78154

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8711 - Engineering Services

NAICS Code

541330 - Engineering Services

Loan Approval Date

8/30/2006

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 4 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Schertz TX, you ought to talk with a local Schertz SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Schertz businesses.

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

The Friends and Family Network

SBA Banks in Schertz, Texas

Getting an SBA Loan in Texas