United Bank - El Paso Del Norte SBA Loan to No Industry Type Specified Company
Want a Texas business loan? Here's one Texas business loan that was approved by the SBA.
This up and coming company knew how to go about getting a business bank loan. Based in El Paso, Texas, they applied for and were given an SBA-guaranteed loan in 2004. The lending bank was United Bank - El Paso Del Norte, based in El Paso, Texas.
SBA Loan Borrower
COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED
EL PASO, TX 79902
SBA Loan Lender
UNITED BANK - EL PASO DEL NORTE
125 MESA HILLS DR
EL PASO, TX 79912
This small business 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
517212 -
Loan Approval Date
11/4/2004
Loan Approval Gross Amount
$95,000
Loan Approval from the SBA
Of the total $95,000 loan amount, the SBA guaranteed $71,250.
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 31 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like United Bank - El Paso Del Norte that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
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Where to Get an SBA Loan in El Paso, Texas
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