Stephenville, Texas Business Gets SBA-Guaranteed Funding from Town And Country Bank

Town And Country Bank has a track record as a leading provider of SBA loans. Find out how this Texas entrepreneur received an SBA loan from them.

This small firm knew how to go about getting a business bank loan. Based in Stephenville, Texas, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Town And Country Bank, based in Stephenville, Texas.

SBA Loan Borrower

COMPANY TYPE: FOOD SUPPLEMENT STORES
STEPHENVILLE, TX 76401

SBA Loan Lender

TOWN AND COUNTRY BANK
150 HARBIN DR
STEPHENVILLE, TX 76401

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

446191 - Food Supplement Stores

Loan Approval Date

5/28/2002

Loan Approval Gross Amount

$103,700

Loan Approval from the SBA

Of the total $103,700 loan amount, the SBA guaranteed $88,145.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We can help you find the best banks for small businesses in Stephenville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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SBA Approved Banks in Stephenville, Texas

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