Entrepreneur Works With Houston, Texas Bank to Get an SBA Loan

Thinking about meeting with a Houston, Texas bank about a small business loan? Here's one Texas business loan, issued by a Houston bank, that was approved by the SBA.

Applying for an SBA loan with Trustmark National Bank worked out well for our friends at one local firm in Sugar Land, Texas. The business was able to get an SBA loan for $1,194,000. Great job!

SBA Loan Borrower

COMPANY TYPE: DANCE COMPANIES
SUGAR LAND, TX 77478

SBA Loan Lender

TRUSTMARK NATIONAL BANK
14604 NW FRWY
HOUSTON, TX 77040

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

711120 - Dance Companies

Loan Approval Date

8/24/2006

Loan Approval Gross Amount

$1,194,000

Loan Approval from the SBA

Of the total $1,194,000 loan amount, the SBA guaranteed $895,500.

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 6 employees. This SBA loan request did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

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.

Related Links:

Debt Financing

SBA 7A Lenders in Houston, Texas

SBA Participating Banks in Texas