Wink, Texas Business Gets SBA-Guaranteed Funding from West Texas National Bank

An SBA loan from West Texas National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Wink, Texas business owner got a $60,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Wink, Texas, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was West Texas National Bank, based in Kermit, Texas.

SBA Loan Borrower

COMPANY TYPE: AIRPORTS, FLYING FIELDS, AND TERMINAL SERVICES
WINK, TX 79789

SBA Loan Lender

WEST TEXAS NATIONAL BANK
101 EAST AVE
KERMIT, TX 79745

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

4581 - Airports, Flying Fields, and Terminal Services

NAICS Code

488190 - Support Activities for Air Transportation

Loan Approval Date

10/11/2000

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $48,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 2 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to add employees or retain any existing employees.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like West Texas National Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Business Credit Evaluation

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