Loan Census Banking News and Information
November 14, 2024  
 
 
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Fredericksburg, Texas Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Fredericksburg, Texas Bank Gives SBA Loan to Veterinary Services Company

Get business loans from a Fredericksburg, Texas bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.

Security State Bank & Trust is a Fredericksburg, Texas small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Texas company.

SBA Loan Borrower

COMPANY TYPE: VETERINARY SERVICES
SPICEWOOD, TX 78669

SBA Loan Lender

SECURITY STATE BANK & TRUST
201 W MAIN ST
FREDERICKSBURG, TX 78624

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

541940 - Veterinary Services

Loan Approval Date

12/9/2005

Loan Approval Gross Amount

$285,000

Loan Approval from the SBA

Of the total $285,000 loan amount, the SBA guaranteed $142,500.

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 6 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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