Entrepreneur Works With Spur, Texas Bank to Get an SBA Loan

Thinking about meeting with a Spur, Texas bank about a business loan? Here's one Texas business loan, issued by a Spur bank, that was approved by the SBA.

Applying for an SBA loan with Spur Security Bank worked out well for our friends at one local firm in Spur, Texas. They received an SBA loan for $110,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: PUBLIC GOLF COURSES
SPUR, TX 79370

SBA Loan Lender

SPUR SECURITY BANK
120 W HARRIS ST
SPUR, TX 79370

This 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

7992 - Public Golf Courses

NAICS Code

325314 - Fertilizer Manufacturing

Loan Approval Date

2/3/2004

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $82,500.

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 only one employee. The SBA loan documents did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $110,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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