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May 5, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Lubbock, Business Loans > American State Bank Lubbock Business Loans > Food Preparations Loan | ||||
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SBA Lenders Texas
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Lubbock, Texas Bank Gives SBA Loan to Food Preparations CompanyWant to talk with a Lubbock, Texas bank about a business loan? Here's one Texas business loan, issued by a Lubbock bank, that was approved by the SBA. Applying for an SBA loan with American State Bank worked out well for our friends at one local company in Plainview, Texas. They got an SBA loan for $1,050,000. Way to go! SBA Loan Borrower COMPANY TYPE: FOOD PREPARATIONS SBA Loan Lender AMERICAN STATE BANK This small business loan was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan requests to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2099 - Food Preparations NAICS Code 311830 - Tortilla Manufacturing Loan Approval Date 5/15/2002 Loan Approval Gross Amount $1,050,000 Loan Approval from the SBA Of the total $1,050,000 loan amount, the SBA guaranteed $787,500. 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 35 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are raising money in Plainview TX, you ought to talk with a local Plainview SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Plainview businesses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Best Lubbock, Texas Banks for Small Business
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