SBA Loan from Bank Of Cordell Helps Data Processing Services Company

An SBA loan from Bank Of Cordell typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Shamrock, Texas business owner got a $100,000 loan.

Getting a small business loan in Shamrock, Texas was an essential business goal for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Cordell, operating out of Cordell, Oklahoma. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: DATA PROCESSING SERVICES
SHAMROCK, TX 79079

SBA Loan Lender

BANK OF CORDELL
808 N GLENN ENGLISH
CORDELL, OK 73632

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

514210 - Data Processing Services

Loan Approval Date

4/18/2001

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. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 30 employees. The SBA loan documents did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

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

If you are raising money in Shamrock TX, you ought to talk with a local Shamrock SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Shamrock businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bank Of Cordell and they will explain how you can get an SBA loan for your company.

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:

Equity Financing

SBA 7A Banks for Cordell, Oklahoma Loans

Getting an SBA Loan in Oklahoma