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May 13, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Round Rock, Business Loans > First Texas Bank Round Rock Business Loans > Store Retailers Loan | ||||
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What Does It Take to Get a Business Loan in Round Rock, Texas?
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Bank Loans for Store RetailersLooking for bank loans for store retailers? An SBA loan may be just what you've been looking for. This $75,000 store retailers loan was issued by a Texas bank. Getting a small business loan in Round Rock, Texas was important for this growing firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from First Texas Bank, operating out of Round Rock, Texas. Here are the details on this Texas small business loan. SBA Loan Borrower COMPANY TYPE: STORE RETAILERS SBA Loan Lender FIRST TEXAS BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453998 - Store Retailers Loan Approval Date 11/5/2002 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. 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 6 employees. The SBA loan documents did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $75,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Banks for Small Business in Round Rock, Texas
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