Humble, Texas Lender Lends Money to Full-Service Restaurants Company
Thinking about meeting with a Humble, Texas bank about an SBA loan? Here's one Texas business loan, issued by a Humble bank, that was approved by the SBA.
Applying for an SBA loan with Sterling Bank worked out well for our friends at one local business in Sugar Land, Texas. They got an SBA loan for $336,800. Awesome!
SBA Loan Borrower
COMPANY TYPE: FULL-SERVICE RESTAURANTS
SUGAR LAND, TX 77479
SBA Loan Lender
STERLING BANK
8450 FM 1960 BY-PASS RD WEST
HUMBLE, TX 77338
This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
9/16/2005
Loan Approval Gross Amount
$336,800
Loan Approval from the SBA
Of the total $336,800 loan amount, the SBA guaranteed $252,600.
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 3 employees. This SBA loan request indicated that the loan would help generate 20 new jobs and retain 3 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $336,800 loan. Remember, feel the fear, and do it anyway.
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:
Business Line of Credit
Best Humble, Texas Banks for Small Business
Texas SBA 7A Lenders