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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Brownwood, Business Loans > Texas Bank Brownwood Business Loans > Drywall And Insulation Contractors Loan | ||||
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Get an SBA Loan from Texas Bank
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Stephenville, Texas Business Gets SBA-Guaranteed Funding from Texas BankAn SBA loan from Texas Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Stephenville, Texas business owner got a $173,600 loan. This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Texas Bank, out of Brownwood, Texas. The loan was granted and they received $173,600 to help grow their Stephenville, Texas business. SBA Loan Borrower COMPANY TYPE: DRYWALL AND INSULATION CONTRACTORS SBA Loan Lender TEXAS BANK 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 238310 - Drywall and Insulation Contractors Loan Approval Date 10/19/2006 Loan Approval Gross Amount $173,600 Loan Approval from the SBA Of the total $173,600 loan amount, the SBA guaranteed $86,800. 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 11 employees. The loan application indicated that the loan would help retain 11 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Texas Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: A Company That Helps Entrepreneurs Best Brownwood, Texas Banks for Small Business
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