1st National Bank - Sonora SBA Loan to Trucking Company

Want a Texas business loan? Here's one Texas business loan that was approved by the SBA.

This small business needed an SBA business loan in Sonora, Texas back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from 1st National Bank - Sonora, operating out of Sonora, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: TRUCKING
SONORA, TX 76950

SBA Loan Lender

1ST NATIONAL BANK - SONORA
102 N MAIN ST
SONORA, TX 76950

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4213 - Trucking

Loan Approval Date

4/26/2000

Loan Approval Gross Amount

$425,000

Loan Approval from the SBA

Of the total $425,000 loan amount, the SBA guaranteed $318,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 7 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from 1st National Bank - Sonora so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Obtaining Funding - How to Borrow Money

Best Sonora, Texas Banks for Small Business

Getting a Business Loan in Texas