Tomball, Texas Business Gets SBA-Guaranteed Funding from Amer Business Lending Inc.

An SBA loan from Amer Business Lending Inc. typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Tomball, Texas business owner got a $837,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Tomball, Texas was able to borrow $837,000 from Amer Business Lending Inc.. The SBA made the loan possible by guaranteeing $627,750 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: DENTISTS
TOMBALL, TX 77375

SBA Loan Lender

AMER BUSINESS LENDING INC.
1420 W. MOCKINGBIRD LANE, SUI
DALLAS, TX 75247

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621210 - Dentists

Loan Approval Date

1/5/2005

Loan Approval Gross Amount

$837,000

Loan Approval from the SBA

Of the total $837,000 loan amount, the SBA guaranteed $627,750.

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 only one employee. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

If you are raising money in Tomball TX, you ought to talk with a local Tomball SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Tomball businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Amer Business Lending Inc. so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

VC Firms on Twitter

SBA Participating Banks in Dallas, Texas

SBA Texas Banks