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May 17, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Midlothian, Business Loans > Citizens National Bank - Texas Midlothian Business Loans > Tire Dealers Loan | ||||
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Texas SBA 7A Lenders
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Midlothian, Texas Bank Gives SBA Loan to Tire Dealers CompanyA Midlothian, Texas business loan can be yours. Learn how one firm got a $84,500 business loan from this Texas bank. This loan to an entrepreneur is a good example of an SBA loan. Citizens National Bank - Texas 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: TIRE DEALERS SBA Loan Lender CITIZENS NATIONAL BANK - TEXAS This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 441320 - Tire Dealers Loan Approval Date 10/15/2001 Loan Approval Gross Amount $84,500 Loan Approval from the SBA Of the total $84,500 loan amount, the SBA guaranteed $71,825. 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 application for the borrower did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. 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: Obtaining Funding - How to Borrow Money SBA Banks in Midlothian, Texas
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