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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Sherman, Business Loans > American Bank Of Texas Sherman Business Loans > Child Day Care Services Loan | ||||
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SBA Lenders in Texas
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Business Loan from American Bank Of Texas Given to Child Day Care Services CompanyAn SBA loan from American Bank Of Texas typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Van Alstyne, Texas business owner got a $147,000 loan. Getting a small business loan in Van Alstyne, Texas was an essential business goal for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from American Bank Of Texas, operating out of Sherman, Texas. Here are the details on this Texas small business loan. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender AMERICAN BANK OF TEXAS 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 624410 - Child Day Care Services Loan Approval Date 5/1/2007 Loan Approval Gross Amount $147,000 Loan Approval from the SBA Of the total $147,000 loan amount, the SBA guaranteed $124,950. More Information on This SBA Loan The borrower borrowed this money for an existing 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 SBA loan documents indicated that the loan would help generate 3 new jobs. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $147,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Accountant's Role in Securing Financing SBA Approved Banks in Sherman, Texas
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