First State Bank Central Texas SBA Loan to Eating Places Company

Searching for a Texas small business loan? Here's one Texas business loan that was approved by the SBA.

This small business needed an SBA business loan in Temple, Texas back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from First State Bank Central Texas, operating out of Belton, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
TEMPLE, TX 76504

SBA Loan Lender

FIRST STATE BANK CENTRAL TEXAS
2855 N MAIN
BELTON, TX 76513

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

3/27/2000

Loan Approval Gross Amount

$46,680

Loan Approval from the SBA

Of the total $46,680 loan amount, the SBA guaranteed $37,344.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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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