League City, Texas Lender Lends Money to General Merchandise Stores Company

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

Applying for an SBA loan with Amegy Bank worked out well for our friends at one local firm in Texas City, Texas. They got an SBA loan for $30,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: GENERAL MERCHANDISE STORES
TEXAS CITY, TX 77591

SBA Loan Lender

AMEGY BANK
2204 W MAIN ST
LEAGUE CITY, TX 77573

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5399 - General Merchandise Stores

Loan Approval Date

5/31/2000

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $24,000.

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 3 employees. The SBA loan documents did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We've showcased information on this loan to let you know that businesses like yours 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.

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