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December 25, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Plano, Business Loans > First International Bank Plano Business Loans > Convenience Stores Loan | ||||
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Banks in Plano, Texas That Make SBA Loans
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Plano, Texas Bank Gives SBA Loan to Convenience Stores CompanyThinking about meeting with a Plano, Texas bank about an SBA loan? Here's one Texas business loan, issued by a Plano bank, that was approved by the SBA. Applying for an SBA loan with First International Bank worked out well for our friends at one local company in Whitney, Texas. They received an SBA loan for $576,300. Nice! SBA Loan Borrower COMPANY TYPE: CONVENIENCE STORES SBA Loan Lender FIRST INTERNATIONAL BANK 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 445120 - Convenience Stores Loan Approval Date 12/22/2005 Loan Approval Gross Amount $576,300 Loan Approval from the SBA Of the total $576,300 loan amount, the SBA guaranteed $432,225. 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 2 new jobs and retain 1 existing job. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First International Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First International Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Raising VC Money for Social Networking Companies
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