Lubbock, Texas Bank Gives SBA Loan to Recreational Vehicle Parks And Campsites Company

Want to talk with a Lubbock, Texas bank about a business loan? Here's one Texas business loan, issued by a Lubbock bank, that was approved by the SBA.

Applying for an SBA loan with Mylubbockbank worked out well for our friends at one local company in Van Horn, Texas. They got an SBA loan for $310,500. Nice!

SBA Loan Borrower

COMPANY TYPE: RECREATIONAL VEHICLE PARKS AND CAMPSITES
VAN HORN, TX 79855

SBA Loan Lender

MYLUBBOCKBANK
5701 82ND ST
LUBBOCK, TX 79424

This lender issued this SBA business loan under the SBA 7A lending program , 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

7033 - Recreational Vehicle Parks and Campsites

NAICS Code

721211 - RV Parks and Campgrounds

Loan Approval Date

10/18/2001

Loan Approval Gross Amount

$310,500

Loan Approval from the SBA

Of the total $310,500 loan amount, the SBA guaranteed $232,875.

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 8 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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.

We can help you find the best banks for small businesses in Van Horn or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Equity Financing

SBA Banks in Lubbock, Texas

SBA Participating Banks in Texas