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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Dallas, Business Loans > Equity Bank, Ssb Dallas Business Loans > Office Supplies And Stationery Loan | ||||
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Equity Bank, Ssb SBA Loans
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Equity Bank, Ssb SBA Loan to Office Supplies And Stationery CompanyAn SBA loan from Equity Bank, Ssb typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Sulpher Springs, Texas business owner got a $1,130,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sulpher Springs, Texas was able to borrow $1,130,000 from Equity Bank, Ssb. The SBA made the loan possible by guaranteeing $847,500 of this Texas small business loan. SBA Loan Borrower COMPANY TYPE: OFFICE SUPPLIES AND STATIONERY SBA Loan Lender EQUITY BANK, SSB As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453210 - Office Supplies and Stationery Loan Approval Date 1/30/2006 Loan Approval Gross Amount $1,130,000 Loan Approval from the SBA Of the total $1,130,000 loan amount, the SBA guaranteed $847,500. 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 12 employees. The SBA loan documents indicated that the loan would help retain 12 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Equity Bank, Ssb and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Borrowing Money from Friends and Family Who Lends Money to Small Businesses in Dallas, Texas Getting a Business Loan in Texas
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