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April 25, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Sugar Land, Business Loans > Houston Commun Bank Sugar Land Business Loans > Professional Equipment And Supplies Merchant Wholesalers Loan | ||||
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Houston Commun Bank Business Loans
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Small Business Loans for Professional Equipment and Supplies Merchant WholesalersLooking for small business loans for professional equipment and supplies merchant wholesalers? An SBA loan may be just what you've been looking for. This $150,000 professional equipment and supplies merchant wholesalers loan was issued by a Texas bank. This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Houston Commun Bank, out of Sugar Land, Texas. The loan was granted and they received $150,000 to help grow their Houston, Texas business. SBA Loan Borrower COMPANY TYPE: PROFESSIONAL EQUIPMENT AND SUPPLIES MERCHANT WHOLESALERS SBA Loan Lender HOUSTON COMMUN BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA 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 423490 - Professional Equipment and Supplies Merchant Wholesalers Loan Approval Date 11/7/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 3 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds 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 can help you find the best banks for small businesses in Houston or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Determining Proper Capital Structure for a Business
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