Slaton, Texas Lender Lends Money to Forest Nurseries And Gathering Of Forest Products Company
A Slaton, Texas SBA loan can be yours. Learn how one firm got a $339,100 business loan from this Texas bank.
This loan to a local firm is a good example of an SBA loan. Citizens 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: FOREST NURSERIES AND GATHERING OF FOREST PRODUCTS
LUBBOCK, TX 79516
SBA Loan Lender
CITIZENS BANK
103 TEXAS AVE
SLATON, TX 79364
The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide 7A business loans to American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
0831 - Forest Nurseries and Gathering of Forest Products
NAICS Code
113210 - Forest Nurseries and Gathering of Forest Products
Loan Approval Date
12/29/2005
Loan Approval Gross Amount
$339,100
Loan Approval from the SBA
Of the total $339,100 loan amount, the SBA guaranteed $254,325.
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 17 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
We can help you find the best banks for small businesses in Lubbock or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
Equity Financing
SBA 7A Banks for Slaton, Texas Loans
SBA Texas Banks