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May 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Gainesville, Business Loans > Prosperity Bank Gainesville Business Loans > Motorcycle Dealers Loan | ||||
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Prosperity Bank Business Loans
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SBA Loan from Prosperity Bank Helps Motorcycle Dealers CompanyAn SBA loan from Prosperity Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Gainesville, Texas business owner got a $600,000 loan. This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Prosperity Bank, out of Gainesville, Texas. The loan was granted and they received $600,000 to help grow their Gainesville, Texas business. SBA Loan Borrower COMPANY TYPE: MOTORCYCLE DEALERS SBA Loan Lender PROSPERITY BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5571 - Motorcycle Dealers NAICS Code 441221 - Motorcycle, ATV, and Personal Watercraft Dealers Loan Approval Date 11/17/2000 Loan Approval Gross Amount $600,000 Loan Approval from the SBA Of the total $600,000 loan amount, the SBA guaranteed $450,000. 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 15 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $600,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Gainesville, Texas
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