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May 3, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Humble, Business Loans > Sterling Bank Humble Business Loans > Oil And Gas Pipeline And Related Structures Construction Loan | ||||
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TX SBA Loans from Sterling Bank
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Sterling Bank SBA Loan to Oil And Gas Pipeline And Related Structures Construction CompanySterling Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Texas entrepreneur was able to get a loan to take a small business to the next level. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Humble, Texas was able to borrow $900,000 from Sterling Bank. The SBA made the loan possible by guaranteeing $675,000 of this Texas small business loan. SBA Loan Borrower COMPANY TYPE: OIL AND GAS PIPELINE AND RELATED STRUCTURES CONSTRUCTION SBA Loan Lender STERLING BANK This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 237120 - Oil and Gas Pipeline and Related Structures Construction Loan Approval Date 8/29/2005 Loan Approval Gross Amount $900,000 Loan Approval from the SBA Of the total $900,000 loan amount, the SBA guaranteed $675,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 26 employees. The SBA loan application for the borrower indicated that the loan would help retain 26 existing jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. 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: SBA Approved Banks in Humble, Texas SBA Participating Banks in Texas
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