Textile Product Mills Commercial Loans

With these commercial loans for textile product mills, the SBA guarantees the lender that the loan will be repaid. This textile product mills loan for $1,099,100 was given to a Texas entrepreneur in 2002.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Stafford, Texas was able to borrow $1,099,100 from United Central Bank. The SBA made the loan possible by guaranteeing $824,325 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: TEXTILE GOODS
STAFFORD, TX 77479

SBA Loan Lender

UNITED CENTRAL BANK
8585 S GESSNER
HOUSTON, TX 77074

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2299 - Textile Goods

NAICS Code

314999 - Textile Product Mills

Loan Approval Date

10/3/2002

Loan Approval Gross Amount

$1,099,100

Loan Approval from the SBA

Of the total $1,099,100 loan amount, the SBA guaranteed $824,325.

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 70 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you want money for new small business in Stafford TX, you ought to talk with a local Stafford SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Stafford businesses.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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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