SBA Loan from First State Bank Helps Horses And Other Equines Company

First State Bank has a track record as a leading provider of SBA loans. Find out how this Texas entrepreneur received an SBA loan from them.

This growing company knew how to go about getting a business bank loan. Based in Perryton, Texas, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was First State Bank, based in Miami, Texas.

SBA Loan Borrower

COMPANY TYPE: HORSES AND OTHER EQUINES
PERRYTON, TX 79070

SBA Loan Lender

FIRST STATE BANK
100 S MAIN
MIAMI, TX 79059

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0272 - Horses and Other Equines

NAICS Code

112920 - Horse and Equine Production

Loan Approval Date

8/11/2000

Loan Approval Gross Amount

$471,000

Loan Approval from the SBA

Of the total $471,000 loan amount, the SBA guaranteed $353,250.

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 3 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First 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:

Obtaining Funding - How to Decide How Much to Raise

SBA 7A Banks for Miami, Texas Loans

SBA Participating Banks in Texas