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April 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Plano, Business Loans > First International Bank Plano Business Loans > Coin-Operated Laundries And Drycleaners Loan | ||||
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Banks Doing SBA Loans in Texas
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Plano, Texas Lender Lends Money to Coin-Operated Laundries And Drycleaners CompanyWant to talk with a Plano, Texas bank about an SBA loan? Here's one Texas business loan, issued by a Plano bank, that was approved by the SBA. Applying for an SBA loan with First International Bank worked out well for our friends at one local firm in Houston, Texas. They got an SBA loan for $838,000. Way to go! SBA Loan Borrower COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANERS SBA Loan Lender FIRST INTERNATIONAL BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812310 - Coin-Operated Laundries and Drycleaners Loan Approval Date 8/2/2005 Loan Approval Gross Amount $838,000 Loan Approval from the SBA Of the total $838,000 loan amount, the SBA guaranteed $628,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Remember, 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. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Obtaining Funding - Getting Venture Capital SBA Approved Banks in Plano, Texas
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