El Campo, Texas Bank Gives SBA Loan to Boat Dealers Company

Thinking about meeting with an El Campo, Texas bank about a business loan? Here's one Texas business loan, issued by an El Campo bank, that was approved by the SBA.

Applying for an SBA loan with Commercial State Bank worked out well for our friends at one local business in El Campo, Texas. They received an SBA loan for $537,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: BOAT DEALERS
EL CAMPO, TX 77437

SBA Loan Lender

COMMERCIAL STATE BANK
401 N MECHANIC ST
EL CAMPO, TX 77437

This lender issued this SBA small business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 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.

NAICS Code

441222 - Boat Dealers

Loan Approval Date

6/8/2006

Loan Approval Gross Amount

$537,000

Loan Approval from the SBA

Of the total $537,000 loan amount, the SBA guaranteed $402,750.

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 7 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in El Campo TX, you ought to talk with a local El Campo SBA lender or talk with an out-of-area SBA lender that has previously loaned money to El Campo businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Commercial State Bank and they will explain how you can get an SBA loan for your company.

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.

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