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April 19, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Grapevine, Business Loans > Bank Of The West Grapevine Business Loans > Concrete Contractors Loan | ||||
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SBA Lender Grapevine, Texas
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Grapevine, Texas Lender Lends Money to Concrete Contractors CompanyThinking about meeting with a Grapevine, Texas bank about a small business loan? Here's one Texas business loan, issued by a Grapevine bank, that was approved by the SBA. Applying for an SBA loan with Bank Of The West worked out well for our friends at one local firm in Haslet, Texas. They received an SBA loan for $375,000. Great job! SBA Loan Borrower COMPANY TYPE: CONCRETE CONTRACTORS SBA Loan Lender BANK OF THE WEST Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 235710 - Concrete Contractors Loan Approval Date 5/18/2001 Loan Approval Gross Amount $375,000 Loan Approval from the SBA Of the total $375,000 loan amount, the SBA guaranteed $281,250. 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 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of The West so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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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