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April 29, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Plano, Business Loans > Beal Bank, D/b/a Beal Bank Plano Business Loans > General Merchandise Stores Loan | ||||
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Texas Bank SBA Loans
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Beal Bank, D/b/a Beal Bank SBA Loan to General Merchandise Stores CompanySearching for a Florida SBA loan? Here's one Florida business loan that was approved by the SBA. This local small business knew how to go about getting a business bank loan. Based in Lake Worth, Florida, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Beal Bank, D/b/a Beal Bank, based in Plano, Texas. SBA Loan Borrower COMPANY TYPE: GENERAL MERCHANDISE STORES SBA Loan Lender BEAL BANK, D/B/A BEAL BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5399 - General Merchandise Stores Loan Approval Date 4/18/2000 Loan Approval Gross Amount $88,000 Loan Approval from the SBA Of the total $88,000 loan amount, the SBA guaranteed $70,400. 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 3 employees. This SBA loan request did not indicate that the business planned to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $88,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Small Business Banks in Plano, Texas
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