Raising Money for Food Crops Grown Under Cover

With these business loans for food crops grown under cover, the SBA guarantees the lender that the loan will be repaid. This food crops grown under cover loan for $143,400 was given to a Texas entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Stephenville, Texas was able to borrow $143,400 from Texas Bank. The SBA made the loan possible by guaranteeing $71,700 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: FOOD CROPS GROWN UNDER COVER
STEPHENVILLE, TX 76401

SBA Loan Lender

TEXAS BANK
400 FISK ST
BROWNWOOD, TX 76801

The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

111419 - Food Crops Grown Under Cover

Loan Approval Date

6/1/2007

Loan Approval Gross Amount

$143,400

Loan Approval from the SBA

Of the total $143,400 loan amount, the SBA guaranteed $71,700.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 2 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 4 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This SBA loan was for $143,400. How would you spend $143,400 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Small Business Loan

SBA 7A Banks for Brownwood, Texas Loans

Getting an SBA Loan in Texas