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April 29, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Mcallen, Business Loans > Texas State Bank Mcallen Business Loans > Lead Pencil And Art Good Manufacturing Loan | ||||
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How to Get SBA Loans in Brownsville, Texas
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Borrowing Money for Lead Pencil and Art Good ManufacturingLooking for loans for lead pencil and art good manufacturing? The SBA may be the answer. This $75,000 lead pencil and art good manufacturing loan was issued by a Texas bank. This small firm knew how to go about getting a business bank loan. Based in Brownsville, Texas, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Texas State Bank, based in Mcallen, Texas. SBA Loan Borrower COMPANY TYPE: LEAD PENCIL AND ART GOOD MANUFACTURING SBA Loan Lender TEXAS STATE BANK This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 339942 - Lead Pencil and Art Good Manufacturing Loan Approval Date 7/11/2001 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $75,000 loan. Remember, things become real when you believe you can achieve them! 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: Determining Proper Capital Structure for a Business
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