Seguin, Texas Business Gets SBA-Guaranteed Funding from First Comm. Bank

An SBA loan from First Comm. Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Seguin, Texas business owner got a $37,000 loan.

This business knew how to go about getting a business bank loan. Based in Seguin, Texas, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was First Comm. Bank, based in Seguin, Texas.

SBA Loan Borrower

COMPANY TYPE: EQUIPMENT RENTAL AND LEASING
SEGUIN, TX 78155

SBA Loan Lender

FIRST COMM. BANK
1336 E COURT ST
SEGUIN, TX 78155

This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7359 - Equipment Rental and Leasing

NAICS Code

532310 - General Rental Centers

Loan Approval Date

6/26/2001

Loan Approval Gross Amount

$37,000

Loan Approval from the SBA

Of the total $37,000 loan amount, the SBA guaranteed $31,450.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This company got an SBA loan. You can too! Maybe you need seed money for 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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