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April 28, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > The Woodlands, Business Loans > Woodforest National Bank The Woodlands Business Loans > Forest Nurseries And Gathering Of Forest Products Loan | ||||
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Business Loans for Richards Small Business Owners
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Raising Money for Nursery and Tree ProductionWith these business loans for nursery and tree production, the SBA guarantees the lender that the loan will be repaid. This nursery and tree production loan for $90,000 was given to a Texas entrepreneur in 2000. This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Woodforest National Bank, out of The Woodlands, Texas. The loan was granted and they received $90,000 to help grow their Richards, Texas business. SBA Loan Borrower COMPANY TYPE: FOREST NURSERIES AND GATHERING OF FOREST PRODUCTS SBA Loan Lender WOODFOREST NATIONAL BANK This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program is quick, requiring 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. SIC Code 0831 - Forest Nurseries and Gathering of Forest Products NAICS Code 111421 - Nursery and Tree Production Loan Approval Date 12/27/2000 Loan Approval Gross Amount $90,000 Loan Approval from the SBA Of the total $90,000 loan amount, the SBA guaranteed $76,500. 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 2 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Woodforest National Bank and they will explain how you can get an SBA loan for your company. 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 Good Banks for Small Business in The Woodlands, Texas
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