Loan Census Banking News and Information
November 29, 2020  
 
 
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Iowa Park Bank Loan

 

 
Loan Census SBA Loan Info

Iowa Park, Texas Bank Gives SBA Loan to Plastics Plumbing Fixture Manufacturing Company

Get SBA loans from an Iowa Park, Texas bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.

State National Bank Of Texas is a Iowa Park, Texas small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Texas company.

SBA Loan Borrower

COMPANY TYPE: PLASTICS PLUMBING FIXTURE MANUFACTURING
HOLLIDAY, TX 76366

SBA Loan Lender

STATE NATIONAL BANK OF TEXAS
104 W PARK
IOWA PARK, TX 76367

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

326191 - Plastics Plumbing Fixture Manufacturing

Loan Approval Date

12/11/2003

Loan Approval Gross Amount

$37,000

Loan Approval from the SBA

Of the total $37,000 loan amount, the SBA guaranteed $31,450.

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 2 employees. The loan application did not indicate that the business promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into State National Bank Of Texas and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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.

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