Entrepreneur Works With Yoakum, Texas Bank to Get an SBA Loan

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

Applying for an SBA loan with Yoakum National Bank worked out well for our friends at one local business in Yoakum, Texas. They received an SBA loan for $40,000. Great job!

SBA Loan Borrower

COMPANY TYPE: SPECIAL TRADE CONTRACTORS
YOAKUM, TX 77995

SBA Loan Lender

YOAKUM NATIONAL BANK
301 W GRAND AVE
YOAKUM, TX 77995

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235990 - Special Trade Contractors

Loan Approval Date

11/9/2001

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

More Information on This SBA Loan

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

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We can help you find the best banks for small businesses in Yoakum 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.

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