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May 16, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Corpus Christi, Business Loans > First Community Bank Corpus Christi Business Loans > Automotive Body, Paint, And Interior Repair And Maintenance Loan | ||||
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SBA Loans from First Community Bank
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First Community Bank SBA Loan to Automotive Body, Paint, And Interior Repair And Maintenance CompanyFirst Community Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Texas entrepreneur who tapped into the power of SBA loans. Getting a small business loan in Corpus Christi, Texas was an essential business goal for this firm back in 2006 and, based on their loan application, they were successful in getting an SBA loan from First Community Bank, operating out of Corpus Christi, Texas. Here are the details on this Texas small business loan. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE BODY, PAINT, AND INTERIOR REPAIR AND MAINTENANCE SBA Loan Lender FIRST COMMUNITY BANK This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811121 - Automotive Body, Paint, and Interior Repair and Maintenance Loan Approval Date 10/25/2006 Loan Approval Gross Amount $146,500 Loan Approval from the SBA Of the total $146,500 loan amount, the SBA guaranteed $124,525. 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 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 5 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $146,500 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: SBA Banks in Corpus Christi, Texas
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