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May 7, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Meridian, Business Loans > First Commun Bank Cent. Texas Na Meridian Business Loans > Coin-Operated Laundries And Drycleaners Loan | ||||
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Meridian SBA Lenders
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Meridian, Texas Lender Lends Money to Coin-Operated Laundries And Drycleaners CompanyWant to talk with a Meridian, Texas bank about a business loan? Here's one Texas business loan, issued by a Meridian bank, that was approved by the SBA. Applying for an SBA loan with First Commun Bank Cent. Texas Na worked out well for our friends at one local business in Meridian, Texas. They received an SBA loan for $50,000. Way to go! SBA Loan Borrower COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANERS SBA Loan Lender FIRST COMMUN BANK CENT. TEXAS NA This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812310 - Coin-Operated Laundries and Drycleaners Loan Approval Date 10/28/2002 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 5 employees. The loan application did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 Meridian, Texas
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