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May 17, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Bryan, Business Loans > Franklin Bank S.S.B. Bryan Business Loans > Building Material Dealers Loan | ||||
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Bryan, Texas Bank for SBA Loans
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Building Material Dealers Commercial LoansLooking for commercial loans for building material dealers? An SBA loan may be just what you've been looking for. This $100,000 building material dealers loan was issued by a Texas bank. This small business knew how to go about getting a business bank loan. Based in Bryan, Texas, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Franklin Bank S.S.B., based in Bryan, Texas. SBA Loan Borrower COMPANY TYPE: BUILDING MATERIAL DEALERS SBA Loan Lender FRANKLIN BANK S.S.B. 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 444190 - Building Material Dealers Loan Approval Date 3/2/2004 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 28 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Franklin Bank S.S.B. and they will explain how you can get an SBA loan for your company. 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: Find an SBA Lender in Bryan, Texas
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