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May 16, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Winnie, Business Loans > Texas First Bank-Winnie Winnie Business Loans > Full-Service Restaurants Loan | ||||
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Banks in Winnie, Texas That Make SBA Loans
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Winnie, Texas Lender Lends Money to Full-Service Restaurants CompanyGet to know Winnie, Texas banks that specialize in SBA loans and know how to work with entrepreneurs. Texas First Bank-Winnie is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Baytown, Texas starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Texas First Bank-Winnie. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender TEXAS FIRST BANK-WINNIE This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 6/25/2002 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $102,000. 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 14 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Texas First Bank-Winnie so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Obtaining Funding - Getting Venture Capital Small Bank Loans in Winnie, Texas
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