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May 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Spearman, Business Loans > First National Bank Spearman Business Loans > Commercial Bakeries Loan | ||||
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Banks in Texas
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Commercial Bakeries Small Business LoansLooking for small business loans for commercial bakeries? Try the SBA. This $65,000 commercial bakeries loan was issued by a Texas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Dumas, Texas was able to borrow $65,000 from First National Bank. The SBA made the loan possible by guaranteeing $55,250 of this Texas small business loan. SBA Loan Borrower COMPANY TYPE: COMMERCIAL BAKERIES SBA Loan Lender FIRST NATIONAL BANK 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 311812 - Commercial Bakeries Loan Approval Date 5/3/2005 Loan Approval Gross Amount $65,000 Loan Approval from the SBA Of the total $65,000 loan amount, the SBA guaranteed $55,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the company planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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 7A Lenders in Spearman, Texas
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