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May 17, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Andrews, Business Loans > Commercial State Bank Andrews Business Loans > Farm Supplies Loan | ||||
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SBA Lender Andrews
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SBA Loan from Commercial State Bank Helps Farm Supplies CompanyCommercial State Bank has a track record as a leading provider of SBA loans. Find out how this Texas entrepreneur received an SBA loan from them. This business knew how to go about getting a business bank loan. Based in Andrews, Texas, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Commercial State Bank, based in Andrews, Texas. SBA Loan Borrower COMPANY TYPE: FARM SUPPLIES SBA Loan Lender COMMERCIAL STATE BANK This lender issued this commercial loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5191 - Farm Supplies NAICS Code 444220 - Nursery and Garden Centers Loan Approval Date 8/30/2001 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. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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:
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