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May 3, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Fort Worth, Business Loans > Worth National Bank Fort Worth Business Loans > Furniture Wholesalers Loan | ||||
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How to Get SBA Loans in Fort Worth, Texas
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Furniture Wholesalers LoansLooking for loans for furniture wholesalers? The SBA may be the answer. This $250,000 furniture wholesalers loan was issued by a Texas bank. This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Worth National Bank, out of Fort Worth, Texas. The loan was granted and they received $250,000 to help grow their Fort Worth, Texas business. SBA Loan Borrower COMPANY TYPE: FURNITURE WHOLESALERS SBA Loan Lender WORTH NATIONAL BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 421210 - Furniture Wholesalers Loan Approval Date 12/5/2002 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $125,000. 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 34 employees. This SBA loan request indicated that the loan would help retain 34 existing jobs. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Worth National Bank 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: Small Bank Loans in Fort Worth, Texas
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