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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 > Personal Services Loan | ||||
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Business Loans for Stephenville Businesses
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Personal Services Business LoansLooking for business loans for personal services? Talk to a banker who works with the SBA. This $85,000 personal services loan was issued by a Texas bank. This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Texas Bank, out of Brownwood, Texas. The loan was granted and they received $85,000 to help grow their Stephenville, Texas business. SBA Loan Borrower COMPANY TYPE: PERSONAL SERVICES SBA Loan Lender TEXAS BANK This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 812990 - Personal Services Loan Approval Date 1/20/2004 Loan Approval Gross Amount $85,000 Loan Approval from the SBA Of the total $85,000 loan amount, the SBA guaranteed $42,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help create 4 new jobs. Getting an SBA Loan For Your Business 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. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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 Find an SBA Lender in Brownwood, Texas
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