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April 28, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Sherman, Business Loans > American Bank Of Texas Sherman Business Loans > Bridge And Tunnel Construction Loan | ||||
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Sherman Lenders
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Entrepreneur Works With Sherman, Texas Bank to Get an SBA LoanWant to talk with a Sherman, Texas bank about an SBA loan? Here's one Texas business loan, issued by a Sherman bank, that was approved by the SBA. Applying for an SBA loan with American Bank Of Texas worked out well for our friends at one local firm in Plano, Texas. The business was able to get an SBA loan for $400,000. Sweet! SBA Loan Borrower COMPANY TYPE: BRIDGE AND TUNNEL CONSTRUCTION SBA Loan Lender AMERICAN BANK OF TEXAS As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 234120 - Bridge and Tunnel Construction Loan Approval Date 11/30/2001 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $300,000. 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 17 employees. This SBA loan request indicated that the loan would help generate 8 new jobs and retain 17 existing jobs. Getting an SBA Loan For Your Business If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great funding source This SBA loan was for $400,000. How would you spend $400,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: SBA 7A Lenders in Sherman, Texas
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