Business Loan from Texas National Bank Given to Special Trade Contractors Company

An SBA loan from Texas National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Weslaco, Texas business owner got a $462,400 loan.

This business knew how to go about getting a business bank loan. Based in Weslaco, Texas, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Texas National Bank, based in Mercedes, Texas.

SBA Loan Borrower

COMPANY TYPE: SPECIAL TRADE CONTRACTORS
WESLACO, TX 78596

SBA Loan Lender

TEXAS NATIONAL BANK
201 S TEXAS AVE
MERCEDES, TX 78570

This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235990 - Special Trade Contractors

Loan Approval Date

10/4/2002

Loan Approval Gross Amount

$462,400

Loan Approval from the SBA

Of the total $462,400 loan amount, the SBA guaranteed $346,800.

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 8 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

This SBA loan was for $462,400. How would you spend $462,400 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Alternative Financing

Where to Get an SBA Loan in Mercedes, Texas

Texas SBA 7A Banks