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May 14, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Tyler, Business Loans > Southside Bank Tyler Business Loans > Dental Laboratories Loan | ||||
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Banks in Texas
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Small Business Loans for Dental LaboratoriesLooking for small business loans for dental laboratories? An SBA loan may be just what you've been looking for. This $294,500 dental laboratories loan was issued by a Texas bank. This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Southside Bank, out of Tyler, Texas. The loan was granted and they received $294,500 to help grow their Lindale, Texas business. SBA Loan Borrower COMPANY TYPE: DENTAL LABORATORIES SBA Loan Lender SOUTHSIDE BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 339116 - Dental Laboratories Loan Approval Date 3/21/2003 Loan Approval Gross Amount $294,500 Loan Approval from the SBA Of the total $294,500 loan amount, the SBA guaranteed $220,875. 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 7 employees. The SBA loan documents indicated that the loan would help retain 7 existing jobs. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Southside 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: Advice on Getting a Small Business Loan
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