Entrepreneur Works With Humble, Texas Bank to Get an SBA Loan
Get to know Humble, Texas banks that specialize in business loans and know how to work with entrepreneurs. Sterling Bank is one such bank, as evidenced by this SBA loan to a growing company.
Finding a small business loan in Stafford, Texas starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Sterling Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
COMPANY TYPE: TELEPHONE ANSWERING SERVICES
STAFFORD, TX 77477
SBA Loan Lender
STERLING BANK
8450 FM 1960 BY-PASS RD WEST
HUMBLE, TX 77338
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
561421 - Telephone Answering Services
Loan Approval Date
3/16/2005
Loan Approval Gross Amount
$605,000
Loan Approval from the SBA
Of the total $605,000 loan amount, the SBA guaranteed $453,750.
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 26 employees. The SBA loan documents indicated that the loan would help generate 25 new jobs.
Getting an SBA Loan For Your Business
Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
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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