Van Horn, Texas Business Gets SBA-Guaranteed Funding from Transpecos Banks

An SBA loan from Transpecos Banks typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Van Horn, Texas business owner got a $144,600 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Van Horn, Texas was able to borrow $144,600 from Transpecos Banks. The SBA made the loan possible by guaranteeing $122,910 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
VAN HORN, TX 79855

SBA Loan Lender

TRANSPECOS BANKS
115 W 3RD ST
PECOS, TX 79772

This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

1/28/2005

Loan Approval Gross Amount

$144,600

Loan Approval from the SBA

Of the total $144,600 loan amount, the SBA guaranteed $122,910.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 9 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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

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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