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December 25, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Whitney, Business Loans > First National Bank In Whitney Whitney Business Loans > Offices And Clinics Of Doctors Of Medicine Loan | ||||
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Texas Bank SBA Loans
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First National Bank In Whitney SBA Loan to Offices And Clinics Of Doctors Of Medicine CompanyLooking to get a Texas business loan? Here's one Texas business loan that was approved by the SBA. This growing firm needed an SBA business loan in Whitney, Texas back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from First National Bank In Whitney, operating out of Whitney, Texas. Here are the details on this Texas small business loan. SBA Loan Borrower COMPANY TYPE: OFFICES AND CLINICS OF DOCTORS OF MEDICINE SBA Loan Lender FIRST NATIONAL BANK IN WHITNEY This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8011 - Offices and Clinics of Doctors of Medicine Loan Approval Date 5/10/2000 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $56,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First National Bank In Whitney and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: A Company That Helps Entrepreneurs SBA 7A Banks in Whitney, Texas
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