Pilgrim Bank Texas SBA Loan to Jewelry Stores Company

An SBA loan from Pilgrim Bank Texas typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Sulphur Springs, Texas business owner got a $102,300 loan.

This growing company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Pilgrim Bank Texas, out of Sulphur Springs, Texas. The loan was granted and they received $102,300 to help grow their Sulphur Springs, Texas business.

SBA Loan Borrower

COMPANY TYPE: JEWELRY STORES
SULPHUR SPRINGS, TX 75482

SBA Loan Lender

PILGRIM BANK TEXAS
1404 S BROADWAY
SULPHUR SPRINGS, TX 75482

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448310 - Jewelry Stores

Loan Approval Date

3/12/2004

Loan Approval Gross Amount

$102,300

Loan Approval from the SBA

Of the total $102,300 loan amount, the SBA guaranteed $86,955.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Pilgrim Bank Texas are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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.

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