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May 2, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Plano, Business Loans > Fidelity Bank Plano Business Loans > Arrangement Of Transportation Of Freight And Cargo Loan | ||||
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Raising Money in Dallas/fort Worth Airport, Texas With SBA Loans
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Getting an SBA Loan for Freight Transportation ArrangementWith these business loans for freight transportation arrangement, the SBA guarantees the lender that the loan will be repaid. This freight transportation arrangement loan for $366,500 was given to a Texas entrepreneur in 2005. This business knew how to go about getting a business bank loan. Based in Dallas/fort Worth Airport, Texas, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Fidelity Bank, based in Plano, Texas. SBA Loan Borrower COMPANY TYPE: ARRANGEMENT OF TRANSPORTATION OF FREIGHT AND CARGO SBA Loan Lender FIDELITY BANK This lender issued this SBA business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4731 - Arrangement of Transportation of Freight and Cargo NAICS Code 488510 - Freight Transportation Arrangement Loan Approval Date 3/23/2005 Loan Approval Gross Amount $366,500 Loan Approval from the SBA Of the total $366,500 loan amount, the SBA guaranteed $274,875. More Information on This SBA Loan The borrower borrowed this money for an existing 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 20 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan If you are wondering how to raise money for a company in Dallas/fort Worth Airport TX, you ought to talk with a local Dallas/fort Worth Airport SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Dallas/fort Worth Airport businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Fidelity Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Fidelity Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Good Banks for Small Business in Plano, Texas
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