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May 17, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Idalou, Business Loans > Security Bank Idalou Business Loans > Farm Machinery And Equipment Loan | ||||
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Idalou, Texas SBA 7A Banks
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Idalou, Texas Lender Lends Money to Farm Machinery And Equipment CompanyAn Idalou, Texas small business loan can be yours. Learn how a business got a $15,094 business loan from this Texas bank. This loan to an entrepreneur is a good example of an SBA loan. Security Bank made the loan and the SBA guaranteed a portion of the loan. Many other Texas entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: FARM MACHINERY AND EQUIPMENT SBA Loan Lender SECURITY BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3523 - Farm Machinery and Equipment NAICS Code 333111 - Farm Machinery and Equipment Manufacturing Loan Approval Date 5/26/2000 Loan Approval Gross Amount $15,094 Loan Approval from the SBA Of the total $15,094 loan amount, the SBA guaranteed $11,321. 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 24 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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:
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