Entrepreneur Works With Iowa Park, Texas Bank to Get an SBA Loan

Want to talk with an Iowa Park, Texas bank about a business loan? Here's one Oklahoma business loan, issued by an Iowa Park bank, that was approved by the SBA.

Applying for an SBA loan with State National Bank Of Texas worked out well for our friends at one local firm in Edmond, Oklahoma. The business was able to get an SBA loan for $116,000. Great job!

SBA Loan Borrower

COMPANY TYPE: FLOORING CONTRACTORS
EDMOND, OK 73083

SBA Loan Lender

STATE NATIONAL BANK OF TEXAS
104 W PARK
IOWA PARK, TX 76367

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238330 - Flooring Contractors

Loan Approval Date

7/15/2005

Loan Approval Gross Amount

$116,000

Loan Approval from the SBA

Of the total $116,000 loan amount, the SBA guaranteed $98,600.

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 only one employee. The SBA loan application for the borrower did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Equity Financing

Where to Get an SBA Loan in Iowa Park, Texas

Texas SBA Bank Lenders