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May 2, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Fort Worth, Business Loans > Amer National Bank - Texas Fort Worth Business Loans > Eating Places Loan | ||||
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Banks in Fort Worth, Texas That Make SBA Loans
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Fort Worth, Texas Bank Lends Money to Eating Places Company in San Antonio, TexasWant to talk with a Fort Worth, Texas bank about an SBA loan? Here's one Texas business loan, issued by a Fort Worth bank, that was approved by the SBA. Applying for an SBA loan with Amer National Bank - Texas worked out well for our friends at one local firm in San Antonio, Texas. They received an SBA loan for $291,700. Nice! SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender AMER NATIONAL BANK - TEXAS The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide small business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 7/3/2002 Loan Approval Gross Amount $291,700 Loan Approval from the SBA Of the total $291,700 loan amount, the SBA guaranteed $218,775. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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 Fort Worth, Texas
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