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May 10, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Buda, Business Loans > Citibank Buda Business Loans > Paint And Coating Manufacturing Loan | ||||
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Raising Money in Buda, Texas With SBA Loans
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Getting an SBA Loan for Paint and Coating ManufacturingWith these business loans for paint and coating manufacturing, the SBA guarantees the lender that the loan will be repaid. This paint and coating manufacturing loan for $100,000 was given to a Texas entrepreneur in 2003. Getting a small business loan in Buda, Texas was important for this business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Citibank, operating out of Buda, Texas. Here are the details on this Texas small business loan. SBA Loan Borrower COMPANY TYPE: PAINT AND COATING MANUFACTURING SBA Loan Lender CITIBANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 325510 - Paint and Coating Manufacturing Loan Approval Date 4/25/2003 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 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 8 employees. The loan application did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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: Role of Business Plan When Raising Money SBA Participating Banks in Buda, Texas
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