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April 27, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Weslaco, Business Loans > Texas State Bank Weslaco Business Loans > Drinking Places Loan | ||||
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Mc Allen, Texas Bank Loan
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Getting an SBA Loan for Drinking PlacesLooking for commercial loans for drinking places? An SBA loan may be just what you've been looking for. This $21,000 drinking places loan was issued by a Texas bank. This business knew how to go about getting a business bank loan. Based in Mc Allen, Texas, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Texas State Bank, based in Weslaco, Texas. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender TEXAS STATE 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. NAICS Code 722410 - Drinking Places Loan Approval Date 3/6/2002 Loan Approval Gross Amount $21,000 Loan Approval from the SBA Of the total $21,000 loan amount, the SBA guaranteed $17,850. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Texas State Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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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