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May 11, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Hawley, Business Loans > Hamlin National Bank Hawley Business Loans > Grocery Stores Loan | ||||
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Hamlin National Bank
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Hamlin National Bank SBA Loan to Grocery Stores CompanyAn SBA loan from Hamlin National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Hawley, Texas business owner got a $526,314 loan. This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Hamlin National Bank, out of Hawley, Texas. The loan was granted and they received $526,314 to help grow their Hawley, Texas business. SBA Loan Borrower COMPANY TYPE: GROCERY STORES SBA Loan Lender HAMLIN NATIONAL BANK This lender issued this loan for a small business under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began 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. SIC Code 5411 - Grocery Stores NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 10/23/2001 Loan Approval Gross Amount $526,314 Loan Approval from the SBA Of the total $526,314 loan amount, the SBA guaranteed $299,999. More Information on This SBA Loan The borrower borrowed this money for a new 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 84 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Hamlin 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: SBA 7A Lenders in Hawley, Texas
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