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April 28, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Temple, Business Loans > Extraco Banks Temple Business Loans > Engineering Services Loan | ||||
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SBA 7A Banks for Burlington, Texas Business Owners
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Engineering Services Small Business LoansLooking for small business loans for engineering services? Try the SBA. This $75,000 engineering services loan was issued by a Texas bank. This small firm knew how to go about getting a business bank loan. Based in Burlington, Texas, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Extraco Banks, based in Temple, Texas. SBA Loan Borrower COMPANY TYPE: ENGINEERING SERVICES SBA Loan Lender EXTRACO BANKS This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with getting a loan . The low-doc program involves 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 541330 - Engineering Services Loan Approval Date 4/28/2003 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. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan 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: Small Business Banks in Temple, Texas
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