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May 3, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Lampasas, Business Loans > First Texas Bank Lampasas Business Loans > Drycleaning And Laundry Services Loan | ||||
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SBA Lenders Texas
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Lampasas, Texas Bank Gives SBA Loan to Drycleaning And Laundry Services CompanyWant to talk with a Lampasas, Texas bank about an SBA loan? Here's one Texas business loan, issued by a Lampasas bank, that was approved by the SBA. Applying for an SBA loan with First Texas Bank worked out well for our friends at one local company in Lampasas, Texas. They got an SBA loan for $382,500. Nice! SBA Loan Borrower COMPANY TYPE: DRYCLEANING AND LAUNDRY SERVICES SBA Loan Lender FIRST TEXAS BANK This 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. NAICS Code 812320 - Drycleaning and Laundry Services Loan Approval Date 8/26/2004 Loan Approval Gross Amount $382,500 Loan Approval from the SBA Of the total $382,500 loan amount, the SBA guaranteed $286,875. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 13 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from First Texas Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Who Lends Money to Small Businesses in Lampasas, Texas
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